This may be an intresting week. Gold made a bullish ABCD on H1, against daily bearish one, which were shown by Duane and Rat. Probably it needs one more leg up deeper into the PTA before a reversal.

Careful here, in case that's it.

PCLN is getting close to taking out that 'magical' 1,000 level. I think it, and GOOG, which is also ready to take a shot at it, taking that level, is necessary for 'the end'. This 'bull' needs one more leg, then Armageddon can ensue. Actually, I say that tongue in cheek, because I think the most likely scenario is a weak bear, I'd hope for 30%, but it may barely tick 20%, then another push on 'new policies' (all of which will gang rape the middle class epically but be cheered by all, including the dumb a$& middle class), a push that may or may not hit new highs, then the collapse, which I hope against all hope takes out the 2009 low. That's my most likely scenario. But, it may not even happen remotely close to that (a hyperinflation, so very unpopular with many like The Automatic Earth, Armstrong, etc., but still my top scenario, may have the Dow at a million. Look at Zimbabwe, and to a lesser degree so far, Caracas right now.). I'll watch what it does, and the second it deviates from that layout I'll modify or abandon it.

Wow.. I got two trend lines, 5 forks and a bunch of fibs all saying that gold is at a very nice spot.

The 'look' this had for it stopping here for now is gone. But, I do have a key line here from the higher timeframe, so I am cautious around this area, although the 'range' for a higher timeframe line is big when viewed on the lower timeframe, so it is only a general guideline for the area.

And by the time I posted that it popped.

87.75 area would normal 'worry' me a bit here, but this is acting like it has a lot left in the tank. Hmmmmm.

It's acting like it might follow through here to the downside off the level I posted. I don't really believe it.

3.50 point range for 3.50 hrs. I wonder if there is anything to that? Anyway, another nice afternoon with zero to do but watch paint dry. Some day I think this will be the way it is for entire days, week, months maybe. Except the range will be narrower and the liquidity a lot less. By 'someday' I mean after the collapse, when we are all scratching in the dirt for bugs and roots to eat. So, if you are working on being a trader, don't just give up because I'm a doomsdayer. If it happens it probably doesn't much matter what we do, and if it doesn't, why give up your goals and aspirations for something that may not happen. I'm just saying what I think is going to happen down the line.

And into the close they gun for the highs. Hmmm, I recall having seen that before. Now when was that? Something about a gun for the HOD by one tick right at the end of the day? Nah, I can't remember. And there's the new HOD by three ticks this time. Yawn.

Stoo-pid.

http://www.zerohedge.com/news/2013-09-13/spot-lack-difference