I'll kick it off with a 'must watch' video. These are the same type of people who are doing all the talking right now. It can be shown over and over how wrong all these people are, analysts, politicians, central bankers, bloggers, all of them (I've seen videos showing what Greenspan and Bern-Qwacke have said, and they were so wrong over and over it was just crazy, and they are/were in charge of it all! And Old Yeller, she said she basically missed everything that has happened, and now she's going to be in charge!). Their track records are abysmal. Yet they make tens, hundreds of millions, are completely and utterly respected, and they get endless TV time. It is, perhaps, the thing that makes the least sense of everything I have ever seen in my entire life. Yet it is so, and I think will always be so.

http://slopeofhope.com/2013/12/a-sobering-look-behind-and-ahead.html

Here we go...

Sure looks ready to blast off. But, if they don't do it around the European open, I'd expect they'd want to bring it down into the open for better prices. Just understand, this thing is overstretched like crazy, and although it may run into Jan, or maybe even into Armstrong's fall of 2015 (at ES say 3400), it may not. Don't get too cocky assuming it will for sure keep going up.

Gold was my trade of the week.
It may roll down to 1172-74, but it's overextended now so I don't expect it to go there before the weekend.

Cable near key area.

DT ?

Originally posted by MarcinO

Gold was my trade of the week.

It may roll down to 1172-74, but it's overextended now so I don't expect it to go there before the weekend.

Click image for original size

Good one, Marcin.

Al Kamego

Thanks, Al. Gold and Aussie are in very strong and technical downtrends, so its easy to spot a good PTA nowadays.

Marcin,

I like easy!

.786 at 113.12

Watch for a roll down here. Not big, just a pullback. As always, though, I'm watching out for a dump.

Originally posted by jimkane

I know everyone is gone, but just one more comment. These guys are just too funny. They gun it up in the short Friday after regular futures close session, and take out the HOD by one tick. Same old, same old. Like I said, it doesn't matter how much they made it look like it could roll over, it was pretty likely, I felt, that they would follow the same pattern they keep following. Another new all-time high, closing essentially at the high. Nothing ever changes with these maniacs, and until the system completely implodes (something I'm starting to think won't happen until long after I'm gone), I can't see it changing.

Jim,

Thank you for your great commentary!

Al Kamego