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MA
MarcinO
Rep: 67
Posts: 5,506
Starting it off.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, it looks ready to pop. What does that say? I know what that says (in my experience).
JI
jimkane
Rep: 3,058
Posts: 33,089
No fake out this time? Really?
JI
jimkane
Rep: 3,058
Posts: 33,089
Overhead TL here. Now we see if it's chop or acceleration.
JI
jimkane
Rep: 3,058
Posts: 33,089
It 'sees' it. But 64 would sweep both recent swing highs...
JI
jimkane
Rep: 3,058
Posts: 33,089
How could they not do that?
JI
jimkane
Rep: 3,058
Posts: 33,089
After that, 67 area, close to that bigger swing-high at 68.25.
JI
jimkane
Rep: 3,058
Posts: 33,089
Will 63 be it? It sure doesn't like 63.
JI
jimkane
Rep: 3,058
Posts: 33,089
It's the immediate overhead TL.
JI
jimkane
Rep: 3,058
Posts: 33,089
Now back to the higher timeframe TL it broke out from. Now we see.
RA
rat89
Rep: 0
Posts: 7,015
ramp it up into the .886 and abcd into the .50

Nice work


Click image for original size
screen shot 2014 07 11 at 3 41 42 pm png
JI
jimkane
Rep: 3,058
Posts: 33,089
So, this is what recovery looks like in 'exceptional' AmeriKa? 2008 was the 'wave 1' (crisis-wise), and I have less than zero doubt 'Wave 3' is going to be quite an extended wave, not one of those 1.618 multiples of 'Wave 1' (again, in severity of crisis, not stock market values). I've been saying for a long time now "America is gone". Now I see I'm not the only one. The whole planet is gone.

If any written history survives (something I'm not so sure about), they will look back at this period, of when we were in the eye of the storm, a storm that gained a tremendous amount of strength while we were in the eye, and muse about how no population in history has ever deluded themselves this much (not just the U.S, but the world, as I see Europe being a bit worse off than we are (yes, I think, mathematically, that's the case), and Japan and China as complete jokes). They will wonder how we could even do this, pretend we are fine when the world was burning around us (normalcy bias to the umpteenth power), waste the only chance we had to salvage something, and we just sat back, let the power-mongers make it a lot worse, loot us fully and completely.

But, I've come to conclude it just has to play out this way. Something worse then WWII and all that suffering just is in the cards, it has to happen. It has to, because we didn't do anything to stop the groundwork from being laid over the decades. Bye, Bye, AmeriKa, and world. Bye-Bye.

http://www.theburningplatform.com/2014/07/10/shock-report-70-million-people-would-be-starving-in-the-streets-without-government-welfare-programs/