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

If anyone is getting the impression I am getting more and more squirrely by the day, they would be right. As I have said, this thing is going to collapse any time from now to the next 3-5 years, in my opinion. But, it's held up longer than I ever expected, so maybe it will go on lots longer than I even expect now. Maybe I'm dead wrong and it won't ever collapse. The first Ponzi scheme in history to endure. And it's also the biggest one by many orders of magnitude.

But, if not, I have that sense that the house of cards is swaying in a stiff breeze, and I see big storm clouds brewing. That has me just a bit queasy when our entire life's stored wealth exists only when those cards are in place. And I fully believe that it could all go any second just as easily as endure for a few more years. Sorry I'm such a downer, but that's what you all pay me the big bucks in here for (no, wait, I don't get paid anything...), my opinions, market and otherwise.

This doesn't even seem real. I used to be a teacher, and this seems impossible. Most adults I know today would fail this test by a huge margin. Long live TV, video games, iPads, and all the rest.

http://www.theburningplatform.com/?p=58423

From ZH: "2013 has now gone 144 days without a four-day stock market losing streak, longest streak to start a year since 1952"

It's sad to be middle class nowadays...

http://www.zerohedge.com/news/2013-07-29/detroits-bailout-plan-b-obamacare

If you are in the mood for stoo-pid, check out URRE and especially USU. Stoo-pid.

This is really interesting. It makes me think the opposite of just about everyone who looks at it. They all say gold is about to pop, and I say global liquidity is about to dry up. That would kill the markets.

this is a very exciting setup with the tools as I read them in place to push price line to line up to the 105.50 area over the next 2-3 days

for those trading FB, the klassic kane 4 pt was the ticket to get on board

spy did has given two hits on the lower line at the .618 of previous swing, with the late day pullback yesterday at .618 of intraday swing and .447 of previous swing off 167.52

I have my eye on 170.50 area in the next few days or higher

kane traders, with their lines in place before the day began, are on top of the game.... abcd completes at price important in multiple time frames... then they saw offered the 886 algo 3 times...now they are playing defense due to the completed abcd... and so it goes