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

And what a surprise that pop there was.

So, I suspect they needed a good-sized bounce and a GZ retest of the area, and now it's free to run to new highs. I'll watch the levels, the bearish ABCD's that can form, but it's set up for another run now. Most notable is that it looks incredibly weak.

56 days in a row. Hmmmm, curious.

http://www.zerohedge.com/news/2013-07-16/guest-post-government-out-control-and-out-integrity

And BTW, the debt ceiling debate (what a farce/joke) isn't until when??? How many days in a row will that be by then?

I think this wants around 82. That would set the new high for the move and take out the contract highs. Then it can tackle the last vestiges of remaining intraday highs here and there, hence setting new all-time highs across the board.

I'll be watching 78.50 on the way up. This is assuming we aren't in a falling mode now, and it handles the bearish ABCD area(s) coming up in here.

Just as an aside, TSLA got crushed today, but they crushed it right to my area. Coincidence? I generally have zero interest when an insane high-flyer finally gives way, as I find it a low odds proposition to try to find out where to pick them up when they are under massive liquidation. So, maybe this is no more than a curiosity how they dropped it right to the area. Also, note the all-time .447 at that lower line intersection. Very curious, since many are calling for an area near there, like 85. Take it to 80, shake those buyers out, then goose it back up?





Chart created on QCharts, courtesy eSignal

And all this, in my opinion, really understates how bad things are and what is coming. Make sure you watch the short video.

http://www.zerohedge.com/news/2013-07-16/jim-rogers-beware-man-white-horse

jim- this week you have taken the time to connect us with much food for thought... thanks.... is there ONE article that your thoughts return to again and again that sums it up for you....?

though not as dramatic as jim's example, F offered kane traders the context to attempt a short at a multi year high with a 10 cent stop

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