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 can only hope...

FLAT or DT ?

ABCD with abcd in a CD leg.
It may be reversed before touching upsloping TL.

W2 bearish ABCD against W2 bullish ABCD?

It's too bad, I almost made a post last night and decided I just didn't want to post any more. If it wasn't me, and everyone knew me so well, I wouldn't even bother now mentioning it. I'm just frustrated I didn't post it last night (or early AM, when I normally don't post). I was going to say 'My view for tomorrow is that if they don't do anything in the overnight buy one minute before the open for a move in the first hour or hour and a half to make up the entire drop, and maybe more.' I swear that was the plan all the way back then. I may try to start posting in the early session. I just know that is a formula that breaks my concentration and doesn't work for me. But, I'm tired nowadays posting in chop when nothing is happening. We'll see.

So, I'm expecting a very strong finish here. It 'should' roll right from this spot, if this was a non-manipulated market, but it's not. So, the 'new technicals' say up until close, with a very strong burst to finish it. We'll see. The whole play is off the open, then it's just management and/or watching.

And yes, after the initial burst it would be 'challenging' to be patient and sit through that nonsense until it finally took off. Mentor students (at least recent ones) should understand how to tell it was ready to start the ascent.

It's tough to estimate how much more this will run into the close. I'd like to say another ten points, but it may be more.

Could this really try for the all-time highs today? Another 23 or so points? I think it could. If not, then tonight or tomorrow. EZ-PZ.

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.