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.

thanks jim

Originally posted by jimkane

Nice charts, rat.

abcd to the kz:

Yeah, that's what I'm looking at in here.

I suspect this is vulnerable to some downside, though, the sort of 'let down' aspect, but maybe not, since we aren't dealing with real investors, just central banks, company buybacks, and machines trading 10,000 times per second. So, maybe not.

Oh, please, oh, please, oh, please Scotland, grow a set and vote yes - oh, please.

Just got up to check, and it looks like the new all-time highs will be here any time now. Must be some early reports out of Scotland saying the 'No' vote will have it.

I'm assuming that I don't need to spell out the fibs marked in my charts.....the tools have been cranking for three weeks with the double whammy fomc/ opex week to cap it off....

New all-time high, again, any time now...

Ho-hum, another new all-time high. This is 'too easy'.

And the cool thing is, according to Armstrong, it pretty much is never going to end. I recently read that he feels that when the economy implodes, huge war(s) break out, and the world melts down, the stock market may go up. Money pours out of sovereign debt and Europe and such, and needs a home, and stocks are it. So this new all-time highs over and over, well, it may have another eighteen years to run. Imagine that, a cyclical 'bull' lasting twenty-three years! That's more than a secular cycle (average 17.2 years), not to mention the average four and change of a cyclical cycle (4.3 years by the cycle work). So, the plan is, leverage way up, lean on that long side, and make several million percent over the next eighteen or so years. I'm in.