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

So, two 'bloggers' I follow have FB at 65 and 70, respectively. Cool. my first 'target' is at 100, then maybe 1,000. If GOOG and PCLN can do it, no reason FB can't.

Okay, time to see if this is a small bullish ABCD, or just chop until close. It's only two points from the all-time high. Cash index less than a point. Hard to conceive they'll wait to get it. The one thing I am not even considering is any kind of selling. I think they'll let it drift down a little in the overnight, then I'll be ready for another pop at 6:29 AM.

No surprise. All you really need to read is the highlighted paragraph.

http://www.zerohedge.com/news/2013-10-17/obama-stop-focusing-bloggers

Watch the ES here.

Most likely case scenario playing out so far, and that is rolling chop. Rolling chop until close. It may break either way, but the odds seem way less to me. Still, I don't know why they wouldn't want that new high only two points higher...

Okay, it has a chance right now to burst up and over. Let's see.

There it is!

New all-time highs coming momentarily, I suspect...

Oh, C'mon, just get it done already.

I wonder if this is a coincidence, or not. And with Armstrong saying 2015.75 as when things really change.

http://www.zerohedge.com/news/2013-10-17/guest-post-why-i-stopped-worrying-and-learned-love-currency-collapse

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.