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

Is the brick wall about to give way? Throw me a tiny bone?

Yay, now will I get my little bone to gnaw on? 80.75-82.00?

82.00 hit. Let me guess, they'll give me my tiny bone, hitting the highest number and then that's it... Why, oh, why, can't it just finally collapse...

Anyway, somewhere in here is likely all they'll give it. Now, totally for idiotic fun, here's some lower numbers. 76, 72.75 and 68. Center of areas.

One of the next 'phases' we will see, I believe, is the wholesale bankruptcy of many of the cities, counties, maybe some states, as they realize they have no choice, and/or it's better to walk away. Stockton, now Detroit. Yes, I know Detroit is less than zero surprise, but when they go like dominoes, I think it will be a surprise. Meridith Whitney was completely right I believe, she was just way early, like I have been with almost all my reads on this crisis. They cling, extend and pretend, lie and deny, delay and pray, kick the can down the road, until they can't do it any more. Same as it will be in the bigger picture.

http://www.zerohedge.com/news/2013-07-18/muni-retirees-face-90-loss-under-detroits-pending-free-fall-bankruptcy

This is acting 'curious' at 84.50.

Like I said...

Originally posted by jimkane

This is acting 'curious' at 84.50.

Watch the 5-min upsloping TL here.

See the game they are playing? I could read that that 84.50 was acting like a game about to start. So, once they have the longs in, they sweep it down to the 5-min TL, shake them out, and now they gun it up and over the swing-point they just formed, and now they have all those players. So, watch this bearish ABCD area here. I think it is going to just head higher, but it might just spend the rest of the day sweeping endless stops, off points they are setting up! Or it may do that and gun it up in the last hour or half-hour. We shall see. I think being positioned for the gun up now, though, is not unreasonable. If so, one would have decent cushion already.

Originally posted by jimkane

Watch the 5-min upsloping TL here.

Snappy initial reaction to the bearish ABCD area.

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