I'll kick it off.

Hmmm, that looks a lot like the 1850-60 area I mentioned awhile back.

Two days in a row buying the 'aftermarket' has produced handsomely for those willing to do it. Wow.

1888-90 and down?

If this area dosen't hold, 91-92 is next

Nice get. Then 28 points, by my data, right down. Into the third week with incredible size on the movements. It's a trader's nirvana.

Originally posted by MarcinO

If this area dosen't hold, 91-92 is next

64.75... Is it done? 'Big' bounce time? Or one more push?

Originally posted by jimkane

Hmmm, that looks a lot like the 1850-60 area I mentioned awhile back.

Sorry I've had almost no enthusiasm lately to post. Maybe again soon. Hard to get excited when most days it's rat and Marcin. We have a good-sized group of new people, and some older ones lately, but they all come by here and there, so they add maybe one or two a day, sometimes. And one Twitter account I saw recently (not trading related) had forty-four million followers. It's discouraging. I don't want a lot of followers, I am not wanting to let too many people know about all this stuff, but wouldn't it be nice to have ten or twenty regulars?

As an aside, you all know how I like to talk about inflation. The word is, the highest, most out of control inflation is in college tuition and healthcare. I agree, those are the obvious ones. But there is one thing that blows those away, and has the highest inflation I have ever seen in a 'no inflation' environment, and that is vitamins. I've complained about this before multiple times, but I order/buy a slew of vitamins on average every six months. The last time the increases were between 20%-40% for the various items. This was in a six month period. The times before that were a bit less, but close. Time after time. I keep hoping this will stop at some point, it's a multiple 'one-off'. I am looking to order again, and it's another big jump, many in the 20% range. This is insane. The Fed said there is no inflation, we need more. I need to pay more for these vitamins.

For some perspective, let's say the increase averages 30% every six months, for the sake of this example. Then how much has the price increased in five years? About 1,378%! In five years! How about in ten years? About 19,000%. I am not kidding, or exaggerating, it's just a mathematical calculation. It's been going on for years now, with no signs of stopping. And the Fed is telling me I am not paying enough for vitamins, I need to pay more. It will be good for me, my family, and the economy if I pay more. Yeah, uh-huh.

I need a rant blog...

I need to find out the best way to play this convergence trade. Any wonder why the ES dropped down later in the day (besides it hit a key area)?





Source: http://www.zerohedge.com/news/2014-10-14/seriously-again

Day three of buying right near the close and it's paying off huge again.

Nah... And even if it did happen, the ES down 400 points from here, whoop-de-do. It's still up like 125% off the lows. Wow, and that's after an '87 style crash?





Source: http://www.zerohedge.com/news/2014-10-17/happy-27th-anniversary-black-monday