Starting it off.

Holy cow look at that!!!!!!!!!!!!!!!!!!

And that!!!!!!

The market loves to go crazy on Chinese economic reports. Even though everything was run of the mill, and it's all fake anyway. No one fakes reports like the Chinese. But, the newsbots can't help themselves.

And gave all that pop back and almost as much more.

And here we go again with what I think may be the best opportunity out there, the convergence trade in these two. Read the article for additional charts on this.

http://www.zerohedge.com/news/2014-10-20/crocodile-jaws-spring-open-again-preparing-bite

C'mon, just dump you oinker. We know at the least they want better prices. So, one way or another, it needs to come in.

Time for some correction?

Oh, and yeah, one more thing: Die, pig, die!

And that one isn't because I think it's in a bounce zone. That one is pure malice.

Monster area at 83.00-84.50. Okay area here at 87.50-88.25, and the next level down at 77.75-79.25. These are the immediate areas.

Anyway, the ES did something it usually doesn't do, and that's make any kind of move in the Friday after close mini session. This time it kept moving up, set a new high for the entire move, and closed almost at the high tick. It is now fully at the monster weekly backtest line. If this is a bear market, it should roll off this, and roll hard. There is a key area above, built from the immediate price action, and that comes in at 76-87, with a grouping of key Fibs at 94.00-95.50. I could see it hitting the lower end of the area, maybe a little above the lower end, and still be respecting the key TL backtest, but not much more.

Still, does it even seem remotely feasible that this is going to dump to significant new lows from here? The only hope I see at all is that not only do all pundits and analysts say no, it's completely and utterly an impossibility, most readers in here, I believe, are also saying no out loud right now. And that's not meant as a slight to the readers in here, who are among the most highly informed out there, I feel, it's more meant to imply just how good they are at sucking people in. We'll see. I don't really care, from a trading standpoint, what these maniacs do with it. So, that's what I'm working with as we reach arguably the most critical juncture perhaps in trading history.