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jimkane
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Starting it off. I'm expecting another insane week, as we sit on the edge of the whole house of cards giving way. This year, and the next say five years, are still going to be remembered a thousand years from now, I believe.
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jimkane
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After that the 62 super-monster swing-high. I don't see that today at all.
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jimkane
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Armstrong is absolutely adamant that the bond bubble breaks in 2015, as well as the US economy (on a dollar rally, likely to new all-time highs (putting the Euro well under par, which I see as inevitable)), and all the money flowing into stocks, rallying into 2017. This is going to be something, watching Rome burn, Nero fiddling, and the Dow at 43,000...
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jimkane
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Well, I was 'wrong', and it's an intensely pleasurable experience. They are shooting for the super-monster swing-high today. Gosh, I love trailing stops. This market is just unreal. Just an opinion, but the money that can be made is just, well, unfathomable to me.
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jimkane
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Hard to comprehend the ES is up well over 50 from yesterday's low. New all-time highs are well under a day's travel away now. Dow 43,000 woo-hoo!
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jimkane
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At this point I think the odds are essentially 100% that this takes a shot at that previous high at 62.00. The last two times I said the odds were like 99.9999% of an event, it didn't happen. So, I wonder if this one will be no different. I guess it's more I just can't imagine them not doing it, the way this is poised. But, maybe they want to save that. I just can't see it, though...
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jimkane
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I wonder if that's actionable information for me? When something is set up for a second area to gun, on a big up day, and they make it look like it will take the second area, but they really intend to 'save it for later', I tend to think they will get it, but they usually don't. When I feel the odds are essentially 100% they will, that may be an indication to me they actually won't, not in that session, that is. Interesting. I still feel the gut feeling they are going to go for this by the futures close...