Okay, I'll start it off. I can't say I'm really excited, like I usually do. Maybe that's just me, personally, and maybe it's these 2.75 point for four or five hour deals. I suspect, as I mentioned on Friday with that 'odd' late session pop, that this is going to gap up and do a 'gap and go'. This is substantiated by the 'news' that war is now put way off by the details that were hammered out over the weekend. They now have until like mid-2014 for the final compliance and inspections. Too funny, from an imminent strike to delayed almost a year. I wonder how they are going to get their needed war regardless... So, this 'should' be a large gap up, taking out the all-time high I would suspect tonight or no later than tomorrow. If it doesn't do that, that would be a clue to me.
BTW, India tested a missile today capable of carrying a nuke, with a range of about 3,000 miles, which puts Beijing and Europe in range. All this while Pakistan is adding nukes to its stockpile at a rapid pace, ready for 'tactical nuclear weapons strikes'. I'm sure the warmongers will find/start their war soon somewhere anyway. But, what to do about that gas pipeline issue with Syria... What to do... What a messed up world...
JI
jimkane
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It is going to be curious to see if it is able to bounce here off this key area, after all these 'tests'...
JI
jimkane
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This is really worth the read, IMO.
http://www.theburningplatform.com/2013/09/20/welcome-to-the-machine-2/
http://www.theburningplatform.com/2013/09/20/welcome-to-the-machine-2/
JI
jimkane
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To quote The matrix:
"You better buckle up, Dorothy, because Kansas is going Bye-Bye."
"You better buckle up, Dorothy, because Kansas is going Bye-Bye."
Originally posted by jimkane
It is going to be curious to see if it is able to bounce here off this key area, after all these 'tests'...
JI
jimkane
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But, realistically, is that the stop sweep below all those 'tests', deep into the key area, and up it goes now that the hook is set, or are they headed down, like I wish/suspect?
JI
jimkane
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This one is a tough read for me. Perhaps it's the big run up with just small corrections, or maybe I'm a bit 'off' today (I might be), but I can't get this tight and clear like I like. This 1701.50 probably is it, but if not (why am I bothering to even post this?) there is also a lot around 89.25-91.50.
JI
jimkane
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It's acting 1,000% like that 1701.25 (edited this, put a totally erroneous number in here, trying to watch and write at the same time, see above post) is it. Let's see if it is just something they are trying to do, make it look that way, or if it's genuine.
JI
jimkane
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And the 15:36 post I should have said 1701.25, not .50, but I'm not going to change the post, let me just say at that point I saw it hit the low and my one data feed showed 1701.50, and when checking eSignal data just now I see it was 1701.25, so one or the other. When I did the edit I was looking at the eSignal data. It's all irrelevant anyway...
JI
jimkane
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Boy, to hear Armstrong tell it, we are most assuredly going to ES 3400 within two years. Basically money will move out of bonds and into the market, doubling it. Imagine the ES at 3400 and I'm thinking (I'm not alone) 'fair value' is around 400, maybe a little less. Now that's a bubble! Boy, those permabulls (bulltards as I like to call them) will be messing themselves regularly. Imagine where margin debt will be then if it's at record, always ends the bull levels right now! Quadruple, quintuple, 10X record highs? Maybe more!
JI
jimkane
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Okay, 'the public' is finally 'all in'. We are soooooooo close.
http://www.zerohedge.com/news/2013-09-20/btfath-here-2nd-largest-equity-inflows-2000-bubble-popped
http://www.zerohedge.com/news/2013-09-20/btfath-here-2nd-largest-equity-inflows-2000-bubble-popped