Here is a new topic.


Al Kamego

Read this comment. The sheep nature of people really hit home with me.

http://www.zerohedge.com/news/2013-08-21/private-banker-there-any-good-news#comment-3869315

Okay, the 40-42 area has been totally violated, so that's off the table now. Once in awhile I see something like this and it doesn't get to the next area, it turns between areas and goes ballistic. I am not sure what it's doing right now. Like I said, 1620 is the obvious TL, so could that really turn it up meaningfully? I doubt it, but perhaps with copious games? Then there's 1580. But a drop that big really messes up the higher highs I was expecting for year end. 1800's or 2000? Not from 1580 I wouldn't think.

Maybe, if money came out of bonds hard and had to go somewhere, but that should spook stocks, not pump them up. Bonds are set for a strong bounce here, and money might come from stocks, but that would have them getting slammed. Maybe that takes them to 1580, and then bonds stabilize. The FED needs to get rates to come off, and one way is to spook stocks a bit (not too much), and get the money to flow into the 'safety' of bonds. Let the rotation do his work for him. It's tough because when do you ever see a monster bubble in stocks and bonds at the same time, worldwide??? And Armstrong is calling for Dow 32,000 in two years! What can I make of that?

All I can say is this is getting hairy in here, and lots of potential time bombs are set at the foundation of the house of cards, and one could go off at any time. I can't even begin to predict how and when that is going to play out. All I know is I fully 1,000% believe we are going to see a total collapse and a 'new' currency not too long from now. This thing may take as long as until 2022 to fully play out, as Armstrong thinks, or a little sooner, as suggested by Charles Hugh-Smith. What they aren't making quite clear is the living hell that will ensue up to that point. For me, I think the hell is at most 1-3 years away, and could start any day now.

One 'clue' will be what happens when I get my letter from my medical insurance provider about the change in rates and the exchanges, for October. O'Bummer said rates will go down. My rates have exploded since he said that. I mentioned the one guy whose rates in nearby Seattle will be going up I think it was 150% (I don't mean up to 1.5 times what they are now, I mean going up to 2.5 times what they are now). If they hit me and our area with that, it's game over. One idea is that he is going to jump them so high everyone will not be able to afford them, and then in he sweeps with his goob-er-mint single payer system. I think that is 100% true.

So, in the meantime there is going to be hell. And I think it's coming in a letter in the mail to me any time now... This might 'kick it off'... Who knows anymore, I'm just sick of it. I want to stop talking about it, stop thinking about it, just do it. Just destroy us, but please get it over with...

Happy Jim, as usual. If I could have one wish it would be to go back and have been born stupid. There would be no KT methodology, but I wouldn't be so tortured by what I can see...

"There Is No Scenario Where This Ends Well"

http://www.zerohedge.com/news/2013-08-21/there-no-scenario-where-ends-well

jim- actually there was a certain amount of chance in catching t QQQ trade... after the lightning trade set up yesterday in DIA, I hit the test and retest with stop above high as diagramed..... IF price had traded to lower line in morning at red arrow i would have exited and gone on to other things... but i had to wait to the spike down later and by then i said what the hell i'' work the charts for a couple of more hours... that is why i saw the QQQ trade setup...

the is one scenario out there that is a little different than most.. i know for a fact that in the past key turns have occured before the levels posted in the public area.... and that sometimes he changes his forecast while leaving his long term public un changed...but what he has posted is worth consideration...www.pugsma.wordpress.com

Possible Rocking chair

Why do I just have that feeling (and hence I mentioned it in here before) that this wanted/needed to pierce the area, and that it is going to rise from here? I don't know, I just do.

Alright, I'll finish with a little visual. Make sure you look at all the posts and the timestamps. Look on a 1-min. This chart is just a guide for what I was saying. Look at it all. They do this all the time, but especially on a Friday when it sets up like this and is dead at the times of day this was.





Chart created on QCharts, courtesy eSignal