I'll start with the Cable. The correction may be done here but 3Ds into 1.6010 is my the most preferable scenario.



If this area doesn't hold, 1.6040 with EXP ABCD is next.

There it is!

Interesting how they forced it just above that downtrending TL and then let it weaken, but timed it so the $SPX finished green on the day.

"Let's go with the flow, wherever it goes"
Pink Floyd, Louder than words

Official release today.

Read more: Pink Floyd - Louder Than Words Lyrics | MetroLyrics

Originally posted by jimkane

There's another new all-time high. How's that song Have a Cigar by Pink Floyd go (this one will appeal to one reader, he's a huge PF fan)?

"An did we tell ya the name of the game, boy, we call it riding the gravy train."

Wow, and you weren't even the PF fan I was referring to (I didn't know you were in the club).

Good stuff. I am an 'advocate' of the middle class, understand that the middle class drives a fundamentally sound economy, and that small business is the driver of job creation. Gutting the middle class leads to a 'fake' economy which requires money printing to keep it from complete collapse, which is where we are now. Few have any understanding of this.

http://www.zerohedge.com/news/2014-11-07/death-working-class-12-charts

We are so brainwashed in this country, we are conditioned to believe we are doing great, better than everyone else, so lucky to be AmeriKan (and most agree, following along with O'Bummer's quips about the USA's exceptionalism). But here's some facts:

"The Upper Middle Class of America Owns a Smaller Percentage of Wealth Than the Corresponding Groups in All Major Nations Except Russia and Indonesia."

and

"America’s bottom half compares even less favorably to the world: dead last, with just 1.3 percent of national wealth. Only Russia comes close to that dismal share, at 1.9 percent. The bottom half in all other nations own 2.6 to 10.2 percent of the wealth."

That doesn't even sound remotely exceptional, or even remotely 'good'.

How about this:

"Just 47 Wealthy Americans Own More Than Half of the US Population. Oxfam reported that just 85 people own as much as half the world."

And to finish, we hear all the time about how brutal it is in Greece. The stories are chilling. Youth unemployment, businesses closing left and right, endless stories about former middle class families (entire families) living in cars, and so on. So, with that context, how about this one:

"Oh, and if you’re wondering how the American middle class ranks in the latest data, it improved two spots to #25. Just behind Greece."

But still all us AmeriKans keep thinking we have it so good, relatively, and we keep the system going for the elite. Nice job, AmeriKans. Your exceptional all right, exceptional suckers, exceptional sheep.

Source: http://www.zerohedge.com/news/2014-11-07/american-middle-class-wealth-worse-every-nation-russia-indonesia