Starting it off.

Time for some economic madness postings.

This one shows the insanity quite well. This powder keg is filled to the brim, and the idiots sitting on it are playing with matches and dropping them all over, and laughing.

http://armstrongeconomics.com/2014/06/25/feds-exit-tax-on-bonds-confirms-liquidity-crisis/

And here's one that follows what I have been saying, if we allow all this, mostly because 'we' are too busy drinking beer, watching Honey Boo Boo, The Kardashians, Duck Dynasty, American Idol, going to the Monster Truck rallies, buying iGadgets, and on and on, to spend any effort to try to understand what is happening, and then let our wonderful goob-er-mint know we are not being represented, then we get what one would expect (that is, we get the pipe).

http://market-ticker.org/akcs-www?post=229124

Okay, that ends this presentation of 'The Jim Show' for today.

ABCD

ba da bing....

Two words: 'Jackrabbit start'. It's getting just plain nuts. Yes, there were technicals that implied (quite strongly) that this may happen. And yes, the LOD was very predictable (in my opinion). But, this is just getting stooooooooo-pid. Insanely awesome for trading, but stoo-pid beyond anything I could ever have imagined even a few years ago.

And right on schedule there's the pop off the dip.

BTW, the ES went + on the day on that last pop.

Did you all notice how the afternoon setup was right off the obvious TL, with a retest on that TL again? In order for TL to keep sucking suckers into the games they play as they game them, they have to work sometimes, or even suckers wouldn't get sucked in.