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

morning gents

decision time at the rodeo

Originally posted by jimkane

I know I said I'm not posting any economic links for awhile, sticking only with trading posts. I think this is related to what we may see this week with the Wednesday Fed announcement, and going forward into the super-duper-key Jan period. I'm not sure how this will be received by the market, but I think it will be important. I won't say 'we are close' because I thought we've been close for at least two years now. Maybe we'll be 'close' for another twenty, who knows. But, my evaluation of all the data is that we are on the edge, the house of cards is wobbling in a strong breeze, and the danger is very, very great. But, maybe the breeze subsides again, they steal more of our life's work and savings and our future, and the future of our kids and grandkids, and shore it up a little longer. The longer they shore it up, the more catastrophic it will be. Anyway, here's a summary of my thoughts from way back.

Okay, before you try to click, this link had a 'bad' word in it, and the software here doesn't like that. It used to just not show the link, now it puts **** in for the bad word. I will circumvent that by putting two xx's in below in the middle of the 'bad' word. Copy the link and delete them out, then paste it in your browser, or click it, get a page not found, and delete them in the browser address bar and hit go. Sorry, but the software is out of my control.

http://kunstler.com/clusterfxxuck-nation/timing-is-not-everything/

My, my, that was some saucy sarcasm in that xx article.

Al Kamego

Yes, I know, I'm boring with showing this level again with changed timing.

Nice charts, crew.

Notice how the rise was 32.25 points? Recall how I am always saying they like those 20+ and 30+ moves. I'm not sure why, but I see it endlessly. That also doesn't mean that's all it will go up, only that this leg, this continuous move, will be 30+.

my thoughts here.....my eye is on 115.46, 117.15 and 119

It looks like W2 ABCD. I wonder if that's it or we will see one more push into the area.

Retest of EXP ABCD ?

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