I'll start it off again this week, early. I'm going to make a few posts regarding sentiment and other such things as I feel we are getting close. It's either already done, or it has to have that final, insane, suck every last one in blow off move. I'd hate to think that move carries all the way to 2000, but it may.

Many are watching the 1750-75 area and areas near that, so I think the odds of that being it are very slim (you never know, though, especially if they say that area will only check it back a little, or not at all, and then they post higher levels, which is what I suspect they will do...).

I wish it could be here, but I just don't see it. Also keep in kind, the debt ceiling is coming up again this fall, so maybe that's the phony catalyst. I just don't know. Anyway, some sentiment to ponder coming up.

http://slopeofhope.com/2013/07/runaway-russell-epiphany.html

Crude hits another new high for the move. It should take out that 110 area in the next day or two, I think.

It's so strange to me to see it struggle at this bearish ABCD area.

Where is everyone today? I miss the rat charts, the MarcinO charts.

Okay, so far the being positioned already concept is working well. They finally handled that bearish ABCD area. Now, I see nothing but new highs coming, but, in case, it is now in the area where it could struggle, so watch this, in case.

Yep, Detroit is going under, as soon as tomorrow. Municipal workers may get ten cents on the dollar or less of their retirement benefits. Yes, I know all the stories about how unfair it is for cops to make $200K+ and bus drivers to make $100K+ and so on (and I agree), but imagine working a crap job for forty years, retiring, and then being told you'll see five or eight cents on the dollars you were promised. That's ugly.

Meanwhile, the banksters get record bonuses care of the dollars stolen from us (heavily paid for even by those that don't have savings with higher prices for everything and increasing taxes, etc.). When will people finally see that the prices we pay for everything, that cost, is mostly (literally) 'skim' for the thieves, with little of the price the actual cost of the item for us. By my calculations the 'effective tax rate', which would be better called the 'stealing rate' is 91%. Ninety-one cents of every dollar we earn is stolen from us.

This is an old story I have been telling for years, but imagine my surprise when I saw a nature special, and they discussed what percentage of the earth's biomass is 'parasitic' in one way or another, meaning, basically, it steals it's living from the work of others. The answer was 91%. Having recently done my calculations at that time, I was shocked that the number was exactly the same. See, the elite are simply parasites, and they know the exact level of extraction they can put on us so as to not kill the host. Why not 90%? Because 91% is possible. Why not 92%? It will kill the host (cause revolt in the case of a society). It's all figured out. Nature, society, it's all the same game.

From 'The Matrix':

Morpheus: ...It is the world that has been pulled over your eyes to blind you from the truth.

Neo: What truth?

Morpheus: That you are a slave, Neo. Like everyone else you were born into bondage.

http://www.zerohedge.com/news/2013-07-18/detroit-prepares-file-overnight-bankruptcy

Jim, I had some areas for the Euro today, but the price never got close to them on time so I didn't post.
Here is USDJPY set-up I was going to post later as it is supposed to be hit during Japanese session or at the beginning of the European one.

Amazing how the ES stopped dead and started to check back right at that obvious overhead TL, a key set line, and a slew of Fib related stuff, all right in there, mentioned by me in advance, of course. Now, is it basing here for the launch in the last hour? That's the question. I don't know, although I will say they are making it look horrifically weak in here (you all recall that game). All I know (well, this is my opinion of myself) is how assess the odds, look for good entry areas, and then use the management skills, and let things do as they will.

Okay, right around here is that same upsloping TL, a key set line, and so on. So, I'd expect them to pop it up here. If not, it could be in a little trouble.

I forgot to add, that I'm trying to catch a CD leg continuation on a daily time frame, if there will be any.

This is all so very interesting to watch from a viewpoint like mine (with the level of market understanding that I have). There is the expected stab through the obvious line. Now, is that the trap, and now they gun it up, to set yet another trap? Or is it truly rolling down to a 4PT or even standard ABCD? Fascinating.

This should get the weekend started off on a good note...

http://www.zerohedge.com/news/2013-07-19/friday-fiction-or-fact-funny-drunk-ben-bernanke-speaks