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JI
jimkane
Rep: 3,058
Posts: 33,089
I'll start it off. The big event this week is the Scottish independence vote. A yes vote (which I wish for more than I wish for S&P at 400, and you know how I live for that) would cause a 'wee bit' of volatility. But, alas, I think the odds of that are essentially zero. Why? 'They' don't want it, so the election, like ours with Bush/Gore, will simply be rigged. Now Catalonia, that's a different story. I think they will, indeed, split, but the markets will not react to that at all (or maybe go up a bit just to 'prove' it's nothing to worry about). I suggest being careful around that Scottish voting results time.
JI
jimkane
Rep: 3,058
Posts: 33,089
Timing factor says it should be ready to come out of this range, but it is a different scenario because of the drop, I'm thinking, plus here we are, an hour before the European open, and it's ready. Heard that one before? So, we'll see, but it seems to be a common theme with these knuckleheads lately.
JI
jimkane
Rep: 3,058
Posts: 33,089
And there's the up sweep. This time right on schedule, despite when the open happens to be. Coolio.
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jimkane
Rep: 3,058
Posts: 33,089
Bathroom break and I see the ES is starting to get smokin' on up. I nailed that timing factor on this one. No double sweep, either, just a blastoff. The double was getting obvious, with them doing it pretty much every time. Got to mix it up a bit, just like TL's. Now let's see if they can push it up to the 96-97 area (maybe 95 if it takes a while, since the lines are dropping). Okay, back to bed. One thing I am watching here is if this rush up is just a 'sucker rally' to hook 'em. I'm not all that convinced we aren't going to see some downside. We have three major events this week (ECB nonsense, Fed meeting, and my fave-o-rite, Scotland), so it is possible we may head down if things don't go as planned for the 'bulls'.
JI
jimkane
Rep: 3,058
Posts: 33,089
I just noticed, and I didn't do that on purpose, I swear, about two hours between posts again...
JI
jimkane
Rep: 3,058
Posts: 33,089
Two hours? Last time I'm checking tonight, I can barely type. Back to bed. BTW, the ES rolled out Friday, and posted the area basis Sept because my charts have more liquidity, but basis Dec the area is around 88-89.
RA
rat89
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Posts: 7,015
Click image for original size
screen shot 2014 09 15 at 8 22 07 am png

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screen shot 2014 09 15 at 8 24 23 am png
RA
rat89
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Posts: 7,015
what I see after the opening mini washout:

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screen shot 2014 09 15 at 10 03 44 am png

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screen shot 2014 09 15 at 10 08 42 am png

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screen shot 2014 09 15 at 10 08 50 am png
JI
jimkane
Rep: 3,058
Posts: 33,089
Very nice chartwork, rat. I'm just not able to feel the long side right now. But, with all the big events this week, anything could pop this at any time. I'm just not seeing it, though...
JI
jimkane
Rep: 3,058
Posts: 33,089
A little sweep down, then up?
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jimkane
Rep: 3,058
Posts: 33,089
C'mon, just do the sweep into the close, you know you want to.
RA
rat89
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Posts: 7,015
Click image for original size
screen shot 2014 09 20 at 5 21 51 pm png