Starting it off.

Since I'm on a roll here, another movie I love is 'Trading Places'. So, in the movie Dan Ackroyd's character looks at his screen and utters the now famous line: "Pork bellies, I knew it!" When the ES finally popped up here and headed into my area, I yelled out "Pork bellies, I knew it!". I started to wonder if maybe I've finally popped my cork, but then I recalled a comment by Marcin a little while back. I was trying hard to stay awake in the overnight session, and I joked that I was poking myself with a pin. He suggested I scream out loud my famous expression "Die, pig, die!". I got a huge chuckle out of that, but mentioned that my better half, asleep in bed, well, she probably wouldn't like that too much. I had visions from some cartoons I've watched growing up, with the character stuck to the ceiling. I can't even imagine what she thinks when I yell out "Pork bellies, I knew it!" or "Die, pig, die!" in a very enthusiastic voice. Probably what most outsiders would think...

2000.50! Yee-haw. What a read. It has now blown out the 'backtest' area, and is free to run. I can't wait to see what it does from here.

As far as the Euro (and the USD), as well as the markets, I guess, are concerned, any time Mario 'Dragh Queen' Draghi speaks or 'takes action', that's a good day for me.

It was madness. 200 pips in the Euro in just a couple o hours...

Originally posted by jimkane

As far as the Euro (and the USD), as well as the markets, I guess, are concerned, any time Mario 'Dragh Queen' Draghi speaks or 'takes action', that's a good day for me.

And I'm not surprised at all
Pound right in the area. I would like to see a solid reaction here.... but that's trading, you never know.

Originally posted by MarcinO

1.63 is enormous support area for the Pound.
The zoom here is shown on a daily time frame, but most of the lines were drawn and proven on a weekly chart.
I wouldn't be surprised to see it acting like a magnet.

Click image for original size

I agree, though, there is no bubble, and definitely the ES can easily go up another 50%-70%, perhaps in the next year, and it would still be grossly undervalued and still not in a bubble.





Source: http://www.zerohedge.com/news/2014-09-04/obviously-not-bubble

Trannies set another new all-time high again today.

This will not end well. And I'm not talking about the bubble market.

http://armstrongeconomics.com/2014/09/04/government-punishes-savers-to-support-debtors-has-western-society-become-fascist/

Die, pig, die!

Blastoff time now? They shook 'em out, now they gun it up? Wouldn't surprise me. As long as it sets up for a dump to 83 area, I'm going to be happy. And yes, I fully realize that may be all it corrects.

Too bad!

Originally posted by MarcinO

I'll be off the forum till 22nd September.
See you then. I already miss the action and all the posts in the forum during this time!