Starting it off. Due to the Monday holiday I believe bonds and FX open outcry are closed, but GLOBEX is open. Stocks and futures for them are open as usual.

How can it not shoot for that 1800 handle? I guess only if it is 'afraid' of it on the first few approaches. I can't really see that, but sometimes it happens.

Okay, it made it there (like it had much of a chance not to). Now we see if they want to try for the 1800 handle. You go, market!

Originally posted by jimkane

93.75-94.50 is the next spot I'm watching, but once it 'breaks out' it should be free to run, and perhaps even trade that 1800 handle.

Boy, is it all up in there. I'd really like the 1800 handle, though, for a nice way to finish the week.

That way we can hit the 1840-60 area easy next week, and then 2000 maybe well before the January timeframe. Got to stay on track for 3400 by 2015. Heck, that's only like a four point per day average until mid-2015. Say it does a 20 point pop one day, then down 10 and up 10 and two flat days. That's the average, and bingo, 3400 by mid-2015 (Armstrong is at the fall of 2015). Now, perhaps it does one or two 5% corrections, and then some stronger runs, or maybe it just doesn't bother to correct at all for the next two years.

I see no reason it needs to correct at all. With Old Yeller at maybe $2 tril a year, and then maybe moving up to $4 tril a year after that, it should be fine with no corrections. The cool part will be that say I make $1 billion myself in the final stages. Sounds good, right? Until you recall that a $100 trillion Zimbabwe note is now available on eBay for just over $3 USD. So, we may all make a lot of money, but at best it will be good for starting a fire in your fireplace. Oh, well, nothing I can do about it... At least maybe I can look back at the time we all became billionaires.

Okay, pushing the area hard, setting another new all-time high, again. Hopefully it will 'breakout' and get over that 1800 by the close. I'd like to see that weekly bar!

I think I'll just go get a bite to eat for lunch and come back right before the close. Why bother watching? I already know it will rise until close. I mean, anyone really think they will sell it or 'profit take' into a Friday close at new all-time highs? Too funny. I wonder what kind of sandwich I should make...

Okay, careful, that's not quite right.

But, it make be a shakeout, too, before a monster pop into the close.

Okay, let's see if they pop it off this shakeout. Or if they truly are out of gas.

I can't imagine no pop, but out of gas is out of gas...

Amazing how, after they popped it once more to new all-time highs into the cash close, they let it come back in a bit.