Just getting ready... Champing at the bit...

Armstrong posted something 'interesting' yesterday:

"There is a possibility of a postponement for the Phase Transition (doubling in value) in the US share market into 2025. A postponement could be caused by war. Otherwise, that issue aside, everything is still lined up in that direction."

Hmmm, not sure what to think of that. I still can't imagine the Dow at 32000 in two years without hyperinflation,

Hey Barkley....I was looking at that....classic wolvie long setup

Originally posted by Barkley

Rat,

Great chart on TZA... here is mine. Alot going on right here...

Click image for original size

I'm not sure if the market is going to like this. Of course, it probably won't happen.

http://www.zerohedge.com/news/2013-08-26/syriana-official-tells-cnn-us-could-strike-within-hours-russia-warns-against-attack

I'm watching 42-45 if they take it down some more, but depending on world news events, I can't say if I'd be too interested in longs in that area yet or not. I think extreme caution is warranted on the long side right now give what may happen without warning on the geopolitical front. With that said, though, this is sitting right on an area, and so far they haven't been able to take it out, and that may indicate it is going to rise, off this European open, right from here. We shall, indeed, see.

W2 ABCD?

i got to talking to a trader here off forum and never made it on... but here was the geometry and thoughts i shared yesterday in real time and the trade from yesterday...
i was looking for a new low in DIA ... I wanted a completed abcd to launch the move. i found it by using my middle of gap technique.. i said at the time i had to wait because i had no trade trigger.. it came on the second chart at first arrow... at the second arrow i said abcd has set up against trade... but that i had good trade location so i moved stop to break even( initial stop had been 10 cents)... at that point i went out in garden.... came back to see that another abcd had setup at line as continuation signal and that price had fallen off line... will look to take half off at lower arrow and then watch carefully

This is an area of interest. Lets see how price reacts.

great stuff roofer....here is the fib from gap center and a little experiment of mine...i learned from you about anchoring a set on the gap left behind, but have also noted on occasions that a set anchored at the near end of the gap comes into play....not a go to tool for me, but watching...

Originally posted by roofer

Click image for original size

Maybe this is very close (I think it might be), and maybe it's not even in the ballpark. One thing I do think is if this isn't how it unfolds, it will be some other scenario equally vile. Sorry. I can't believe my 'golden years' as I near 'retirement' are going to be spent like this...

http://www.zerohedge.com/news/2013-08-31/guest-post-what-expect-during-next-stage-collapse