In my experience it's never different this time.





Source: http://www.zerohedge.com/news/2014-12-13/time-may-not-be-different-after-all

Ho-hum. Yawn. Not tired, just because it's so basic. Second area hit, right on 'sheh-dule'.

A break here should take it to 2001, where the trouble starts. But, it's not off the table this is headed into frenzy mode, and tomorrow we may see a lot higher.

My attitude in here, though, is getting very cautious.

This stuff is just nuts. Once you develop the skills, sometimes (no claims, this is just my opinion) one can just read it like a roadmap. It goes right to the first area I mentioned, checks back a little, then right up to the next area, then checks back. Crazy, even on a fairly average Sunday night the action is just fantastic. Now we see if it heads to the next level or not.

Lookin' strong.

Crude really snapping off that 56.25 low.

Currencies remarkably flat.

Notice how strong they made it look, but it can't hack the area? Total respect so far, and they acted all tough about it. Hey, maybe they take it out at some point, but it was all bluff, as usual, when they got there. These guys are so funny.

Getting Closer

Looks like a big up day coming. Next area hit, and now just about breached. There some things at say 11 and 15 half, a nice spot at 20, but then it's that 34 area. It may play around with that key swing peak at 25.50, too. That's a lot of levels, but until it gives me more about how it's getting there, I don't have a lot of feel for how far it may want to go. I'd prefer this area here was it, but I think the odds are maybe 5%-10% that it will choose here to finish, and that may be way overly generous. We'll see.

A follow up on that insane SPY thing yesterday.

http://www.zerohedge.com/news/2014-12-19/just-one-question-about-yesterdays-last-minute-berserk-etf-freak-out