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

Tap, tap, tap, as I tap my fingers on the desk waiting for the inevitable pop.

Okay, don't even tell me it is going to take out the HOD there and not get the all-time high... What's up with this thing?

Five lousy ticks. I mean, we all know the all-time high is soon going to be a distant memory in the rear view mirror, so it doesn't have to happen today, but why not today? It's right there. Just hit it. They must have a reason.

Want to hear a really strange 'coincidence'? Take the ramp from yesterday, low to high, and add it to the low from this AM (that is, do a 1.000 price projection), and that level is... 26.75, to the tick. The all-time high. Yep, just a coincidence, I'm sure.

And yes, if you take the low of the overnight it drops it down one tick, but I am looking at straight shot ramp compared to straight shot ramp, that's all.

This is the biggest deal over nothing I can remember for a long time...

And yes, I see the 1.272 here, and other stuff.

Showtime...

They wouldn't dare... Exact tick it? No way. They need to pop it over.

There it is!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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.