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
JI
jimkane
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Yay, through the GZ. And now as I type this, through the low. Watch for the 1-2-tick game as it tries for that 65-66 area.
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jimkane
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Woo-hoo. Now, if, and this is a huge if, this area gives way, watch out.
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jimkane
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'Too easy'. Now watch the obvious TL at 70.00-.25 or so and see how it handles it. I think it will blast over without so much as a hesitation. But, you never know...
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jimkane
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Wow, it doesn't like this area. Will this little bullish tick ABCD give it the juice to go up and over? Crude's popping on the tick chart. It should make its move now if it plans to.
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jimkane
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And there it is, right off the tick ABCD. Everything is as it should be. Time to ride.
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jimkane
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Now time to watch as the .300, .382, and .447 come into play. Clue time.
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jimkane
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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
http://www.zerohedge.com/news/2013-07-19/friday-fiction-or-fact-funny-drunk-ben-bernanke-speaks