I will start it off.

There's another new high. This one may just run to that 65-70 with no break? It's truly in frenzy mode. I can live with it, as the the long play hasn't had any scale out triggers yet at all, but it seems kinda crazy.

56.25-57.00 is the final area I am watching for this leg, if it keeps going.

I would love to get my wish, though, and have that be it, now we go down. Trading isn't about wishes, though, it's about working out a net positive expectancy plan, and then executing it religiously. But, for fun, I like to 'wish' that certain things lay out along the lines of the plan, simply because those things would be more fun for me, or have aesthetic/artistic (in a technical, mathematical sense) appeal to me. That's all I'm saying.

If you don't want to read the entire article, at least look at the first two charts. The second one is the 'log-periodic' function, something I have been observing and studying for years. I think it is a very useful function with the markets. When one is as big and pronounced as this one, it 'should' lead to absolutely massive declines when it gives way. But, who knows. They do tend, in my studies, to have a final blow off leg. All I want it to take out those 2009 lows... I know, it's a parallel to an old saying, but I can't help but wish for it. Still, the devastation would be horrific. I guess I realize the devastation will be horrific no matter how it plays out, so at least, as the world burns to the ground, I get to laugh at the bulls all the way down to the 400-500's. The saying: 'If you bet that the sun is going to blow up, and you're right, what do you win?'

http://www.zerohedge.com/news/2014-08-14/3-things-worth-thinking-about

A glimmer of hope on the reopen that it might be done.

Die, pig, die! Oink. Oink, oink.

This is a great article. I put Warren Buffet right up the list of most evil bad guys, with the entire rogues gallery I don't wan to put out the effort to name right now. It turns out, his father had a lot of wisdom. What he says lines up pretty well with my viewpoint. Paper money = enslavement. Period.

http://www.zerohedge.com/news/2014-08-14/70-years-later-warren-buffetts-dad-proved-right-about-everything

First bounce area here. Watch closely.

It did see that exact spot. Pretty amazing. It's set and primed for a new high for the move, with a nice, little 'W2' in place, But will it? I am not so sure.

My thoughts are that the junk bonds could very well be the canary in the coal mine, as I've mentioned. I don't particularly care for this author's 'lists', but sometimes he gives a good synopsis of factors. In this case he recognizes the potential with the junk sell-off.

http://www.zerohedge.com/news/2014-08-14/14-reasons-why-us-economys-bubble-false-prosperity-may-be-about-burst

Here's a good overview of the same old, same old, as I've been saying all along. When TSHTF it is really going to be something.

http://market-ticker.org/akcs-www?post=229300