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JI
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.
JI
jimkane
Rep: 3,058
Posts: 33,089
Roll off the ABCD it did.
JI
jimkane
Rep: 3,058
Posts: 33,089
ES all the way back down into the little range. Now a stop run to the downside?
JI
jimkane
Rep: 3,058
Posts: 33,089
Or is this a real move off a a bearish ABCD? I can only hope.
JI
jimkane
Rep: 3,058
Posts: 33,089
While I wait around, here's a chart that shows a) this market is totally and complete manipulated, and b) what is wrong with our world.

Click image for original size
dpz weekly png

That's up just a tad under 3,000%. This isn't even a 'high flyer', this is basic, boring pizza. Non-stop buying for like five straight years. Funds saying it is worth buying up about 3,000%. Who would do that??? Nope, I agree with the essentially 100% consensus. There is no bubble, it's not even getting to be bubble-like. It has a long way to go. Imagine if Armstrong is right and the ES just about doubles from here in well under two years. Holy cow.

Chart created on QCharts, courtesy eSignal
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, give me a hard sell into the close, one that literally shakes the world on its axis. Please.
JI
jimkane
Rep: 3,058
Posts: 33,089
Literally, I want to see a flash crash here.
JI
jimkane
Rep: 3,058
Posts: 33,089
The problem is, it's now right at an area. I hope it goes through it like a hot knife through butter.
JI
jimkane
Rep: 3,058
Posts: 33,089
C'mon, I want 10 more, preferably 20 more, from here, right now.
JI
jimkane
Rep: 3,058
Posts: 33,089
I might get it.
JI
jimkane
Rep: 3,058
Posts: 33,089
But it can't be allowed to respect this area much longer, or it's done going down.
JI
jimkane
Rep: 3,058
Posts: 33,089
Oh, yeah, bitcoin 1242. I think it may reach a million, or more.