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.

Yes. Backtest may be in play.

This one is tricky. What looks like a successfull backtest might be also a fake reaction to an obvious TL.

Yes, exactly. And it looks weak in here, so I suspect it may head up, maybe 13 and change. But, right now, everything is still intact off your area.

One more push down, 2.75 at the lowest, and that should be it if it is planning to go up.

An 'amazing' coincidence.

http://www.zerohedge.com/news/2014-11-04/peculiar-correlation

Okay, a couple of TL's coming up, so watch closely.

Watch this 6.75 closely, in case.

Rollover now?

I think it's more likely going to sweep those TL's. It only needs 11 and change for a full sweep. But that 13 to 13 and change has some attraction.

It really looks like a rollover coming. I liked the days where the obvious read I got was the right one most of the time. Now they game it so much, the 'right' one is almost always the opposite of how they make it look.

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