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.

Now, every clue I have says down, and down hard now. That has me almost certain it's a trap. That sweep up is just so tempting. This one will be interesting.

The tough thing is that this is all acceptable 'W2' action, and 'W2' is designed to shake people out, that's its job. And many times trying to read a 'W2' can take one out just before the desired move happens. I'm just pointing this out because that is the situation this is in right this second. Let's say one got in off the area Marcin pointed out. As he just said, he's out. Many reading the action might be, too. It really does look like they are setting a trap. And maybe most times it plays like this, it will be, and the game is playing the odds, not assessing individual trades like they matter. But, if this does drop from here, we'll at least be able to see how the game is played, and how they shook most out with this 'W2'.

Swooooooooosh down now? Yes? No? When is this thing going to actually do something?

They're testing traders' patience.

Originally posted by jimkane

Swooooooooosh down now? Yes? No? When is this thing going to actually do something?

This looks 1,000% like it is going to get crushed. What a game. Not one fiber of my body says this won't be crushed. Could they be that good?

I think they likely are that good.

Crazy, monster multi-timeframe coil here. When this baby pops, it's going to uncoil like a clock spring, in my opinion.

It could have one more push down and then pop, but it could pop from here, too. Too bad it's the dead time. Coils are a lot less fun when it hits the apex and then goes sideways for a long time...

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