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JI
jimkane
Rep: 3,058
Posts: 33,089
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/
JI
jimkane
Rep: 3,058
Posts: 33,089
I was reading some comments on an article over at ZH, and I combined that with my own thoughts, and came up with a funny little new thing. When I was growing up we all listened to George Carlin's 'Seven words you can't say on Television'. So, to keep up with today's times, if George was still alive, I can imagine he'd have a new shtick that goes -

The seven words you can't say to a cop in AmeriKa: "Give me liberty, or give me death" .

Pretty funny, huh? See, this is why I need a blog. I bet I'd be very popular.
JI
jimkane
Rep: 3,058
Posts: 33,089
You know what I fear a thousand times more than terrorists? (Oops, I just triggered the NSA with the use of that word in here.) Read this to find out. This is literally terrifying stuff. I find myself saying to myself that often used line from movies where the bad guy is about to kill the good guy: 'Don't worry, it will all be over soon.' Why should I worry, or be terrified, it will all be over soon... Imagine that, they can now jail you for ten years for mentioning on your blog anything about any of their operations, which are secret, so if you said something that you thought could be happening, they can say it was an operation, and you compromised it. And there slides the jail door shut on you.

http://www.zerohedge.com/news/2014-09-25/australia-unleashes-draconian-new-anti-terror-law-orwellian-orgy-baseless-fear-monge
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jimkane
Rep: 3,058
Posts: 33,089
Die, pig, die!
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jimkane
Rep: 3,058
Posts: 33,089
I just woke up and came to check the market. I see they did what I expected, they recognized the danger there on that little flush down, when I made my last post, and snapped it up hard, completing a 'retest'. Now we see if this long area is really going to do anything serious. Back to bed. See ya manana.
RA
rat89
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Posts: 7,015
Friday am gap open and fade to the .886 retest at lower line.....I love this game :)
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rat89
Rep: 0
Posts: 7,015
big squeeze up to land at bear abcd right at the .382
JI
jimkane
Rep: 3,058
Posts: 33,089
Like I said, that was an area there all right. Let's see if this high here and subsequent lower high is anything more than an ABCD setting up. I haven't seen too many frenzy Fridays that fade.
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jimkane
Rep: 3,058
Posts: 33,089
That 'should' be all it goes down here. I'm not sure if they'll pop it into the close, but I suspect it's done with the 'correction' here. Let's see.
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jimkane
Rep: 3,058
Posts: 33,089
I'd prefer they dump it, but based on their 'usual' behavior, they'd be done at this point. That's all I'm pointing out.
JI
jimkane
Rep: 3,058
Posts: 33,089
I know the day is almost over, but watch right here because there is a timing factor, and they may do something with it despite the time of day.
JI
jimkane
Rep: 3,058
Posts: 33,089
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