Okay, I'll get it started for this week. I'm expecting another fantastic week, as far as action.

Look at the 1-min yo-yo.

One of my favorite quotes of all time: "There is no market, there is only the Bernank."

The bearish ABCD is being respected? I guess this is because they taught the lesson on Thursday, so people would be afraid of it this time, and now it can play out?

Initial reaction off the bullish ABCD that formed. ABCD against ABCD. Only 'context' matters.

EXPE got beat up a little Friday and today. Yet PCLN still seems set to be the first stock in my watchlist to take out 1,000. They kept saying it would be AAPL, then GOOG, imagine if it's the oh-so-valuable PCLN.

My thoughts exactly.

http://www.zerohedge.com/news/2013-07-29/fed-tapering-assured-treasury-projects-30-slide-annual-funding-and-monetization-need

Read the comments for the above article. There are a lot of good ones about the upcoming seizure of 401(k)s (and IRAs), something I have forecast for some time now. Like I've said, this is all about total liquidation and wealth transfer. Crises will be manufactured (or allowed to happen) in order to implement various programs. As I've also said, we will beg for everything that's implemented. Create the crisis, create the solution. We will ask them to take everything we've got, you watch and see. It's an old script, being followed to the letter again this time around.

Check this out from over three and a half years ago! This is amazing. My most fervent hope ever is that this continues to play out as it has so far. I don't think I've ever had a wish I wanted more than to see the S&P take out the lows. To trade at 'fair value'. The sad part is that I wish this because what I really want is for 'the bad guys' to get what is coming to them.

But what will really happen is 'the bad guys', who have been liquidating us little guys, will be out of the market, the poor slobs and taxpayers will be left holding the bag, the pension funds will get destroyed, as well the municipalities and states that are tied to those obligations, and the common man will bear the entire brunt, while 'the bad guys' will enjoy all the additional islands and yachts they bought with our money.

No matter we ever do, we can't win, we can't undo this, and we can't get back that which was looted. So, my wish is an empty one, and I'll likely get to see it, only to realize just how hollow a victory it was... Yuck.

http://www.hedgeaccording.ly/2010/01/theoretical-spy-chart-foreshadowing.html

The crazy thing about the above chart is look where the red starts. Look at today's date (month and year). Look at my weekly S&P chart I posted so long ago. All the ducks are lined up. Now all we need is the systemic event. Too bad it probably won't happen. Meanwhile, I'll enjoy the eye of the storm a little longer, while my life savings are still good for something besides lighting the fireplace...