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/

68.25. One tick away. Interesting, huh? Can't wait for 3:00 to see where this goes.

Flat ABCD in the Cable?

Cable. Backtest area.

82 with TL fakeout would be nice, although 68 very strong area may produce larger reaction.

This short here doesn't look 'high probability' to me, not at this time of day, after a 20+ point frenzy day. But, there is a key area here. Most highest probability scenario, no 'context' or anything else included, is new all-time highs after this daily ABCD this is coming off of.

But, if this is just a sucker rally, this may be the spot, And it 'should' come in here a bit (the old 'get better prices in the AM' thing they like to do), even if it intends to run right up to new all-time highs. Hence, for some traders, this area is a worthwhile premise. The day play long was a monster, that one has reached its objective, and if one wants to be very sensitive to the price action clues, I can see a short shot in here. The toughest issue is for one who is playing some or all as a multi-day play for the new all-time highs. Based on that timeframe, the management plan says stay long, manage according to that timeframe, and that's that. But for me, I have no issue doing that and being short in another account (very few brokers will let you go 'short against the box') for a quicker play. To me, the plays are totally unrelated.

Pretty funny stuff.

http://www.zerohedge.com/news/2014-09-24/todays-3-step-manipulation-sp-2000

what else are you going to do pennies from the prior low? Target hit at median line ;)

The LOD was just a primo setup, so many things coming together it was unreal, but the really insane part is it is a fractal (actually a 1-1 fractal i.e. copy) of a previous layout, and the move today was almost exactly as expected, especially the time it took. Just nuts.

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