How this crap exploded is completely irrational, but it makes 1.20 plus scenario more realistic.
1.1400-30 is a monster area, so we might see some correction here. Next strong level is around 1.18, comprising of two subareas around 1.1750 and 1.1850.

I'm expecting spx to bounce very soon, at least up to around the .382, followed by a resumption of the move down to the next target area. Two areas jump out at me at the moment, but of course in real life the market will do what it wants, and get to where it’s going its own way.

1820.66 – 2134.72 = .786 at 1887.87
1980.90 – 2134.72 = 1.618 at 1885.84

And:

1820.66 – 2134.72 = .618 at 1940.63
1980.90 – 2134.72 = 1.27 at 1939.37

Futures open down. Interesting.

Buy of the century? That's what they'd say. Just like they did all the way down after 2000 and 2007. I recall one high flyer that was super-high-priced, and one famous, very well-paid analyst kept a 'strong buy' on it all the way to $1/share. Same old, same old.

There's the very short-term buy signal, anyway, if one was inclined that way. I have no issues with dabbling here. As rat says, it's due a bounce. I'm just not sure it will start here.

Armstrong says if this bottoms in August that may indicate the 'phase transition' and Dow 40,000 may be in the works. Oh, goody. That would imply gold has also bottomed, before my areas, which pretty much line up with Armstrong's areas. Oh, double goody. If not, he sees the low in Sept.

spx then and now

This is awesome, back to where 10 point swings in the non-RTH are nothing. When TSHTF it's is going to be insane. Insane in the mem-brain. Insane in the brain.

Yeah, sweet, rat.

And right back down to the LOD to the tick. Time to explode up now in a monster run, now that they shook out all the hopeful longs? Boy, this thing can do 10-12 like it was barely blinking. I can't wait until those 50-70, even 100 point quick swings come back. BTW, China is getting monkey-hammered nicely. And yes, my face is pretty much cracked now from the ear to ear grin.

Oh, like I was saying in the last Euro run, this is pretty much the easiest money I have ever seen. Just get crazy long and rake it in. Repeat until this asinine run is over. The Europeans are 'repatriating capital' right now. Soon they will be flooding into dollars as the next panic hits Europe, in my opinion. Watch and see.

I don't know if I have anyone equally as lucky in here on this but I saw them perform that song live in concert, back in the day when it was on the charts. Very cool.

Originally posted by MarcinO

thin lizzy