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jimkane
Rep: 3,058
Posts: 33,089
I'll get it started. This is a holiday week, and for me, that sucks. I am wont to say 'I have no life'. But, I just realized, I don't feel that way at all. My life is the market. What I really mean is 'Outside the market, I have no life'. So, when holidays hit, I kind of hate it. Sometime I even hate weekends. With Sundays (if there is some action), at least I have only one day to muddle through.

Now, as usual, things are on target in the never-ending march onward and upward. I hope I live long enough to see the day when this whole thing implodes, but I suspect maybe I won't. A combination of simply surrealistic ability to extend and pretend combined with my health/luck, and I'll probably kick the bucket the day before it gives way. So, take that as an indicator. If you hear I'm in the big trading pit in the sky, short the heck out of this baby.
Anyway, all joking aside, take a look at this headline:





Here's the link to the full article: http://evilspeculator.com/?p=39382 One of the main takeaways is something I read about years ago. We are not wired for all this information, or our lifestyles. We are wired to walk around with sticks, and never see more than fifty people in our lifetime. As an aside, they did a physiological study that showed every time we see an unfamiliar face, even in a magazine, picture, on TV, etc., we get stressed (even the most calm, confident, happy go luck people, perhaps just less). When we walk down a crowded street and see hundreds of faces we stress, cumulatively, quite a lot, even though we don't sense it. Over time, this takes its toll (with, of course, many other factors like the insane pollution, and chemicals in everything we touch and get our food in. How's that 50% cancer rate looking now?).

We are not wired for this life. That's why headlines like this are appearing right on schedule, and we can expect they always will, like clockwork. This will never change, Our job, if we are to be successful speculators/traders, is to work that to our advantage, and not get sucked in. That is why one of my biggest pet peeves is to see 'traders', some well-respected amongst the amateurs, getting all caught up in the frenzy. It's why I make posts where I sound like I'm super-duper bullish. It's like 'satirical'. It's meant to show what asses those people look like. To bring attention to the concept. I hope my readers get this.
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jimkane
Rep: 3,058
Posts: 33,089
Okay, watch closely right now as we get ready to close cash.
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jimkane
Rep: 3,058
Posts: 33,089
See? They just couldn't leave it in that little range there, they had to take it up and out, even if just by a tick.
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jimkane
Rep: 3,058
Posts: 33,089
Another spooky ES sell again at 'resistance'. It's smaller (like yesterday's was smaller than Monday's), but it has that same look. How odd.
MA
MarcinO
Rep: 67
Posts: 5,506
Let's see if the Pound needs such a small correction to break decisively above longer term TL.

Click image for original size
6b 2013 11 28 png


Click image for original size
6b 2013 11 28 context png
JI
jimkane
Rep: 3,058
Posts: 33,089
It did like your area, Marcin.
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jimkane
Rep: 3,058
Posts: 33,089
Here's a nice summary article explaining what I have been saying since the first day they announced what they were going to do. And here we are, with it all playing out just as I feared. And nothing is going to stop it from playing out in full. I can't decide which word is a better description of what is coming for the average person: Armageddon or Apocalypse.

http://slopeofhope.com/2013/11/terrific-turkey-turbo-tax-tim-takes-thanksgiving-trophy.html
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jimkane
Rep: 3,058
Posts: 33,089
Here are two chart posts that come from the comment sections of the above.

http://slopeofhope.com/socialtrade/recent?show=14408

I have found few of these analogs actually work fully, but that Jan timeframe comes up from all my work, and the work of many others. I hope against hope that is the end, but Armstrong says 2015.75, so maybe we have almost two more years of up, and Dow 32000 is going to happen. I think I'd have had a nervous breakdown long before that happened...

And what I wouldn't give for this to happen. But, I just can't imagine it.

http://slopeofhope.com/socialtrade/recent?show=14409
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MarcinO
Rep: 67
Posts: 5,506
It did, but one had to be patient and sit for over an hour until it reacted off the area. Sometimes it's slow, but still works.

Originally posted by jimkane

It did like your area, Marcin.
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MarcinO
Rep: 67
Posts: 5,506
Click image for original size
6b 2013 11 29 png
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MarcinO
Rep: 67
Posts: 5,506
Are they gonna hit this area or not?

Click image for original size
6b 2013 11 29 2 png
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jimkane
Rep: 3,058
Posts: 33,089
Oh, yeah, bitcoin 1242. I think it may reach a million, or more.