Some areas for ES. If a fifteen point drop anticipated by ZH is going to happen, it will fall into a nice grouping.
http://www.zerohedge.com/news/2013-10-13/early-fx-indications-eurjpy-slide-implies-15-point-futures-drop-open

I sure hope that 15 points they imply does happen...

ES indicated to open down a whole three points and change. That can change fast, as it did last week, but for now... Same old, same old.

Indications lowering nicely now, just like last week.

Not bad, down about 15. I hope it doesn't go straight up...

So far it is... This looks familiar.

One more area around 1677, although 8 point move down seems a way longer distance than the one in the opposite direction.

Possible GBPAUD ABCD completion

I sure hope this ES isn't going to continue this move up...

Ah, those were the days. Too bad they reversed it straight back up. That was crazier than the drop. Crazier than anything I've ever seen before or since. That poor pit guy sounded like he was going to have a heart attack any second. And when that video ends, the ES still had another 12 points more to go. I wish I could have heard that. I can't imagine how that guy survived it...

http://slopeofhope.com/2013/10/sunday-night-finance-porn.html

Originally posted by jimkane

Ah, those were the days. Too bad they reversed it straight back up. That was crazier than the drop. Crazier than anything I've ever seen before or since. That poor pit guy sounded like he was going to have a heart attack any second. And when that video ends, the ES still had another 12 points more to go. I wish I could have heard that. I can't imagine how that guy survived it...

http://slopeofhope.com/2013/10/sunday-night-finance-porn.html

Awesome video! You may see those days again soon!!

So, they keep saying there is no inflation, and we need more inflation. Let's see. I got my prescription the other day. It was up. 265% My better half just called me from the grocery, my almonds are up from last time. 20%. I looked at my tax software for this year. It was up. 33.33%. Recall that link I posted for health plans and all those triple digit increases. Nope, all that doesn't sound like any inflation to me. I agree, we need lots more.

BTW, let's quickly talk about the CPI. Now, for me, my medical insurance is almost 40% of my total expenditures. So, for me, I'd like the CPI weighted so medical insurance is figured at about that level, say 40%. Look at what others pay. And to do it right, you can't look at all those who pay little getting it from work, and figure that percentage. If your employer is paying for it, it's the same as if you are. In theory, the employer could just pay you more and not include the insurance. It's the same with FICA. I'm self-employed, so I pay 15.3%. Workers pay 7.15%, but their employer pays the other 7.15%. If they didn't, they could pay you 7.15% more. So, you pay it all, regardless. I think 99.99%, literally, of people are simply unable to comprehend that fact no matter how many times it is explained to them. It's just a limitation of the human mind (and poor education), and it a big part of why we are in the mess we are in.

Anyway, I think the CPI should weight medical insurance between 20% and 40%, but more towards the latter. And since this is one of the fastest increasing expenses, it is very important that it be weighed accurately, to insure accuracy in the CPI. The current weighting? 0.6%. Yes, 0.6%. Well, that's a nice way to keep those old inflation figures down. The Chinese recently did the same thing with housing data. They tweaked the weighting of houses, and the weighting of rural/city data, and so on. Presto, no inflation in China. EZ-PZ. Yep, there's no inflation.