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

Well, I'm surely watching things like that, Marcin. If this did turn out to 'sell the news', like the way the market behaved for eons before 3/6/9, that sure would be something. It would be an 'epic fail', that's for sure.

almost

It looks like they wanted to retest the area and division line of the set-up posted in the morning.

Can this TL and DB ABCD stop it?

3Ds to 1716. It doesn't look good for bulls.
At least it shouldn't...

decision time at you know where

1.27 to the penny at 109.22

Yawn. I just woke up after going back to sleep at 6:31 AM. I'm checking this from my laptop in bed. Time to maybe take some profits. I think I'll watch a little more, maybe take some more profits, then sleep a little more. Wake back up at noon, then go play some golf. How many million percent was that calculation from yesterday? We better enjoy this while it lasts. I suspect it will work until Dow 32,000. On a serious note, how many people bought one minute before the open? Did you go back and study this for the last few weeks? Did you confirm what I was saying? I saw a lot of charts, but it seemed no one was respecting this, at least as far as in advance discussion of it.

Originally posted by jimkane

Like I said, the plan for awhile now, just buy one minute before the open, give it some room, hold on, take 12-14, or maybe a lot more, out. No skill needed.

Originally posted by jimkane

Can't wait until tomorrow. I'm going to program my system to buy at 6:29 AM (Pacific time). Then I'll sleep in, get up at say 8:00 AM and see if it's time to take my 12-14 points (or occasionally 20-30), quit for the day, and go have fun...

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.