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jimkane
Rep: 3,058
Posts: 33,089
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...
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jimkane
Rep: 3,058
Posts: 33,089
It may not do any more than this 12 here, but since it could come in more, there may have been a play there.
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rat89
Rep: 0
Posts: 7,015
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JI
jimkane
Rep: 3,058
Posts: 33,089
And has been pointed out all over, the Oct meeting is without Bern-Qwacke speaking, so nothing can happen there, and then there is Dec. What are the chances 'taper' will start right before year end (think of the bonus hits!), right during the holidays? Not 'slim and none', pretty much 'none'. So, we are into next year. Hence, it lines up with my start of next year 'bull' top. Not that they will taper then. We all know they can't stop, ever. It's mathematically impossible. The question is just do they 'taper' and then have to 'un-taper' quickly, or do they get the cover they want i.e. war or something else like it, so they can take 'taper' off the table for a few years. I think the odds overwhelmingly favor the latter. Welcome to the end of the world as we know it, and I feel fine (it's from a song, and yes, it's sarcastic).
JI
jimkane
Rep: 3,058
Posts: 33,089
Yeah, rat, the overhead SL you show is a key one in my area here, as well as some of the other stuff you have. So, everyone can visually see how key this spot is. Now it can get to work blowing that out and heading to 24.50 to 28.
JI
jimkane
Rep: 3,058
Posts: 33,089
New high by 1 tick...
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jimkane
Rep: 3,058
Posts: 33,089
I think the odds of seeing 24.50-28 today is over 99%. Just a 'guess'.
JI
jimkane
Rep: 3,058
Posts: 33,089
Aussie exploding on the tick chart.
JI
jimkane
Rep: 3,058
Posts: 33,089
Up over 140 pips.
JI
jimkane
Rep: 3,058
Posts: 33,089
Why is this 18.75 making me real nervous?
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jimkane
Rep: 3,058
Posts: 33,089
Okay, phew, no worries there. I'll up my odds from 99% to 99.99%. Remember, this is just my view of the odds, there is no statistically verifiable analysis going on to form them. Just my gut read.
JI
jimkane
Rep: 3,058
Posts: 33,089
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