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jimkane
Rep: 3,058
Posts: 33,089
Kickin' it off with: 'Nothing to worry about, nothing at all. Nothing to see here, move along, folks.'

http://www.zerohedge.com/news/2015-04-25/just-6-charts
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jimkane
Rep: 3,058
Posts: 33,089
Look at that ES go into the cash close! That long was just about as 'easy' of a very short-term trade as I have seen in awhile. And, it may also be a setup for a much bigger move. Definitely a 'split play' in my opinion. The coolest part is, the very short-term hasn't signaled anything yet for scaling. I expect in here, but maybe not. Yee-frickin'-haw.
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jimkane
Rep: 3,058
Posts: 33,089
All these big name stocks getting hammered in the after-hours on earnings lately. LNKD is down about 64 right now. Wow. Yet this 'bull' is looking to double from here, maybe more. Dow up 18K to 43K, or almost two and a half fold, all while these stocks are getting totally monkey-hammered on bad earnings? It just doesn't jibe. But, if they flee from bonds in a collapse, I guess maybe...
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jimkane
Rep: 3,058
Posts: 33,089
So, the 20's next, or will it respect this monster area at today's low? I mean, more respect than just a bounce.
MA
MarcinO
Rep: 67
Posts: 5,506
Ready to go?

Click image for original size
6e 2015 05 01 png
MA
MarcinO
Rep: 67
Posts: 5,506
The previous area gave a nice reaction, but it needs an ABCD, I guess.

Click image for original size
6e 2015 05 01 2 png
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jimkane
Rep: 3,058
Posts: 33,089
So, I'm thinking close back at the obvious downsloping TL retest (at the high for the move), and then a gap and go on Sunday. That sounds about right.
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jimkane
Rep: 3,058
Posts: 33,089
And there's that new high for the move, hard up into that TL.
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jimkane
Rep: 3,058
Posts: 33,089
It draws the reaction, but how much? Probably only a tiny amount in the after-cash.
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jimkane
Rep: 3,058
Posts: 33,089
JI
jimkane
Rep: 3,058
Posts: 33,089
Armstrong seems to be lining up with my views as far as the Euro. It's all necessary so people will love the Euro again, then the descent to below 80 can unfold as things fall apart. When the SHTF it's going to make 2008 look like a walk in the park on a sunny day.

http://armstrongeconomics.com/archives/30139