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.

Another new all-time high there, off that buyable dip. Sweet.

3D there? I'm not too worried about it. This should rise indefinitely, right?

3D didn't hold, and there's another new all-time high. I'd like to go relax, but the setup from the RTH just won't quit. It's like the Energizer Bunny, it just keeps going.

Theoretically I could see some very skilled countertrend traders being short this right now.

It's all over in Scotland, it's a done deal, they stay with the UK. They have no idea what they just did. They are so afraid, they have to run back to the master government saying 'Please protect me, give me handouts, make sure I'm okay. Without you, there is no hope.' I guess they forgot about Robert the Bruce, who said:

“For as long as but a hundred of us remain alive, never will we on any conditions be brought under English rule. It is in truth not for glory, nor riches, nor honours that we are fighting, but for freedom, for that alone, which no honest man gives up but with life itself.”

Now they showed they are just like all the rest of the western world, addicted to the government, exactly as the government intended. The domestic animals always wander back to the barn, even if the fence is down. We want to be enslaved. I'm more like Robert the Bruce. My hero is Patrick Henry:

"It is in vain, sir, to extenuate the matter. Gentlemen may cry, Peace, Peace – but there is no peace. The war is actually begun! The next gale that sweeps from the north will bring to our ears the clash of resounding arms! Our brethren are already in the field! Why stand we here idle? What is it that gentlemen wish? What would they have? Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me liberty or give me death!"

I need to do a blog so I can stop posting all this stuff in the trading thread. Alas, it will eventually affect all our trading, but it would be better in a blog. I haven't done one for a few reasons. First, I can't stand the thought of having three readers, while other similar blogs have a million readers. Next, there are so many blogs out there already discussing this, why bother. Sure, I could add my own little twist, but it wouldn't be that much of an addition to what's there. Then there's my concern that it will just me put on the governments radar, even more than I already am. I'll be in the first group to be 'rounded up' when TSHTF. Finally, I just don't have the energy. So, all three of you are just stuck with me...

Okay, for those following this countertrend short, this is the area right here (11.50) where it needs to be watched closely for clues.

If this doesn't hold, then the area of 9.50-10.50 is very key. The decision is, do they bring it in for better prices from here, or play games around the European open, and then bring it in right before our open. This is the stuff I just love.

There it is! I'm not looking so crazy now, am I?

Originally posted by jimkane

Theoretically I could see some very skilled countertrend traders being short this right now.

9.25. Now we see.

Originally posted by jimkane

If this doesn't hold, then the area of 9.50-10.50 is very key. The decision is, do they bring it in for better prices from here, or play games around the European open, and then bring it in right before our open. This is the stuff I just love.