JI
jimkane
Rep: 3,058
Posts: 33,089
Just some fun reading while I see if it gets those five ticks or not.
http://www.zerohedge.com/news/2013-07-05/19-reasons-be-deeply-concerned-about-global-economy
http://theeconomiccollapseblog.com/archives/40-statistics-about-the-fall-of-the-u-s-economy-that-are-almost-too-crazy-to-believe
http://www.zerohedge.com/news/2013-07-05/19-reasons-be-deeply-concerned-about-global-economy
http://theeconomiccollapseblog.com/archives/40-statistics-about-the-fall-of-the-u-s-economy-that-are-almost-too-crazy-to-believe
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, that's all she wrote. It will most likely, I think, gap up over those five ticks, or open and blast off up and over, then it is free to run to the next area, on it's way to new highs, and, in my opinion, that 2000 area by year end. It did, curiously, close right at a 'retest' of at least two key downsloping lines, but I doubt that will matter. Short-term there is some stuff in the 40's, and intermediate-term just over 1700 is quite a spot.
It really will be too bad that the 'bulls#%&' market didn't end at that May top, right at a key area, but that's why I showed that other area around 2000 at year end or early next year. If the 'bull' didn't end here it seems logical it would shoot for that. Imagine the Dow trying for 20K. But, they need the final blow off leg to make this five out of six long running bulls to end with a severe crash.
Now the only thing I need to reconcile is that there are 27 zillion blogs and pundits that say the bull ends at the end of this year or early next year (essentially 100% of the ones I have heard or read have this opinion), and zero people of any kind that say the May top was the end. So, it goes further than year end, or ends earlier? How will it not do what everyone expects? If not here, where? Those are the two key monthly areas I see. It goes higher and further? Wow, would that suck.
It really will be too bad that the 'bulls#%&' market didn't end at that May top, right at a key area, but that's why I showed that other area around 2000 at year end or early next year. If the 'bull' didn't end here it seems logical it would shoot for that. Imagine the Dow trying for 20K. But, they need the final blow off leg to make this five out of six long running bulls to end with a severe crash.
Now the only thing I need to reconcile is that there are 27 zillion blogs and pundits that say the bull ends at the end of this year or early next year (essentially 100% of the ones I have heard or read have this opinion), and zero people of any kind that say the May top was the end. So, it goes further than year end, or ends earlier? How will it not do what everyone expects? If not here, where? Those are the two key monthly areas I see. It goes higher and further? Wow, would that suck.
JI
jimkane
Rep: 3,058
Posts: 33,089
Oh, and one last comment. Crude set another new high. 103.68, by eSignal data, basis August. Nice.
JI
jimkane
Rep: 3,058
Posts: 33,089
I sourced this earlier, but everyone really should listen to the recoding there. It's nothing new, but is a good listen for those that don't understand what is coming.
http://www.zerohedge.com/news/2013-07-05/opportunity-squandered-we-blew-it
http://www.zerohedge.com/news/2013-07-05/opportunity-squandered-we-blew-it
JI
jimkane
Rep: 3,058
Posts: 33,089
All those people out there that mock us and put us down, they have no idea what we see. No clue whatsoever as to what we are doing, or the magnitude of it. And I guess that's good.
