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

Oops, my mistake, the one blogger is actually at 90. So, that lines up with my 100. I'm sure as soon as it reaches 90 he'll up it, probably to my 1,000.

Originally posted by jimkane

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.

So, GOOG is up huge in the aftermarket (up about 76 low to high). Recall I said that GOOG must get over 1,000. But, it is possible that it may hit 2000 before we melt down.

This is also an upside breakout on GOOG of a monthly SL. We may be in the 'blowoff' phase that, as Armstrong says, could double all the indices. Cool. A doubling from a point that historically is at the very high end that ends bull markets. New paradigm, huh? This time it's different.

All righty, then, there's another new all-time high for the ES. I have to admit, this is the most bullish I've ever been in my entire life. The sky's the limit, there's no stopping this juggernaut. I want 3400 by year end!

It will be fun to see how it handles that upcoming area. My viewpoint is this. Ride until the area above, keep riding if it keeps going, close out if it rolls over. Wait until it comes in a little, to the first area, then long again until the next area. Same procedure. Then long until the 2000 area, same procedure. Then be a little more cautious (but heck, not really all that cautious), then see if it starts the move to 3400. Same procedure all the way up. Then bend over, and kiss you a#% goodbye.

From a comment at ZH. Sounds exactly like me.

"You can spot people who know math pretty easily these days -- they're the ones with dark circles around their eyes from not being able to sleep at night.

I'm a freaking raccoon these days."

Source: http://www.zerohedge.com/news/2013-10-17/you-either-believe-magic-or-you-believe-math#comment-4066885

Nice little 1.25 point dip. I should load up.

Another nice all-time high there, with a huge volume spike for after hours. Now after settling in a bit it's ready for whenever they want the next spike. I think we'll lots more of these in the future.

BTW, you know things are frothy when you can buy the 1.25 point dips for big pops.

Originally posted by jimkane

Nice little 1.25 point dip. I should load up.

Scott over at Harmonic Trader just called for S&P 2000 (via his DIA call) by Jan 30. The bulls are really piling up. This looks to be one of those times where all the blogs, analysts, amateurs, and newbies are going to be right for quite a while. I hope they know when to stop. Excuse me now, I'm going to go be sick (over all this).

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.