I'll kick it off, since Marcin isn't back yet. Here's an article for those that think all this stuff I post won't have any effect (eventually) on the market, or our trading. I've been saying for years and years the EU will break up, the Euro will go into the dustbin of history, and that they are in worse shape than the U.S. I strongly stand by all that. It is just taking longer than I assumed for all the things I expected to happen to unfold. I underestimated just how much they would do to prevent it, how many people they would throw under the bus (essentially all of us), and how they would be able to justify, in their own minds, sacrificing every last one of us so they can keep their power and position. They are all sociopaths, so in that regard I missed that factor, which is now all so clear. In one way or another we are all cannon fodder to them, all disposable.

http://armstrongeconomics.com/2014/09/21/french-farmers-set-tax-office-on-fire-demise-of-europe/

Now that last minute sell has me smiling so hard it's hurting my face, as who was it, Duane, used to say?

Now, the key aspect is that the backtest line has now been violated with that sell. But, is that the trap, the fake, that gets them on the sell side, only to be 'snap trapped' and slaughtered? It surely is something I'm watching for, but I'm only looking at each long area as a spot to take it up to the next shorting area, and I plan to be thinking that way until it proves me wrong, or it changes character, like it has at every bigger area so far when it was time to start rising again. In the meantime, 'lean on it until it breaks' is my mantra.

But that's just me, my opinion...

GPRO is doing well. Coming up on a tripler since it IPOed a few months back. Not bad. As long as this kind of nonsense is happening, this thing isn't fully in a bear yet. I mean, things like this may be the last to go, but we will never be able to really sell until they finally collapse. It will be the sign of the 'W3' when they give way. Just my two cents.

Sell, oinker. Take out that low from the 14th. You can do it! I'd think they'd want to probe that a little.

Less than 3 points away...

Here they come. 2 ticks away. That may be enough, we'll see. I'd hope they get the stops at least.

I'd love to see 64.25-65.75.

Previous low swing point is at 68.00.

Next level below that is around 55-59.

Here's a couple of interesting charts:









I can't get over how the market follows the Fed balance sheet i.e. how the money really does flow right into the market, not the economy.


Source: http://www.zerohedge.com/news/2014-09-26/high-yield-credits-worst-week-15-months-sends-stocks-sliding