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jimkane
Rep: 3,058
Posts: 33,089
Kickin' it off. It's going to get wild. This week is Armstrong's 'Big Bang' date, mentioned at least as early as 1989 in one of his conferences, he said. It's not a date for a market implosion, it's the peak date for government and sovereign debt. Catalonia voted today for independence, a binding vote. The last one was not binding. It was overwhelmingly for secession.

I can find no information on this vote anywhere right now, yet it's over and done. Nothing on ZeroHedge. I find this bizarre. Understand, if any EU country has a secession, it will, in my opinion, begin a waterfall breakup of the EU and the failing of the Euro currency. So, tanks will roll, it will be stopped. But, it may cause massive unrest and even a European war. Markets will move. Hence, this is not a trivial event today. Yet, nothing, no reporting anywhere. I'm... confused...
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jimkane
Rep: 3,058
Posts: 33,089
Watch the 76 area here, it's key.
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jimkane
Rep: 3,058
Posts: 33,089
Pop off 76, but then it just stops. Big decision for it.
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jimkane
Rep: 3,058
Posts: 33,089
Yeah, rat, interesting.


Originally posted by rat89

.886 to .618 as of now. Part of the reason this is so tricky here is that spx seems to be in wave 4 before finishing of the move down to 1855 - 1841. My 2¢. I've been trading in size all month, and closed it all out late yesterday. Trading small here in case we get the continuation out of all this.
RA
rat89
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Posts: 7,015
wave 3 ended this morning, and this chop is wave 4. It would be nice if it ended here, and then spx can get to where it's going in the next couple of days to set up a monster bounce Friday.

Originally posted by jimkane

Yeah, rat, interesting.


Originally posted by rat89

.886 to .618 as of now. Part of the reason this is so tricky here is that spx seems to be in wave 4 before finishing of the move down to 1855 - 1841. My 2¢. I've been trading in size all month, and closed it all out late yesterday. Trading small here in case we get the continuation out of all this.

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jimkane
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73.50 should be it if the buyers are back.
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rat89
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Ha! The buyers are so confused they don't know what to do.

Originally posted by jimkane

73.50 should be it if the buyers are back.
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rat89
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oooooh......stop run on uso and now I get my tankeroo?
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jimkane
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Posts: 33,089
Yeah, that one seems too good to pass up.


Originally posted by rat89

oooooh......stop run on uso and now I get my tankeroo?

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jimkane
Rep: 3,058
Posts: 33,089
The ES dropped to the next level, an awesome line confluence, and is now taking off nicely. All I ask is my 1900 area, or even 1895. That's not asking much.
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jimkane
Rep: 3,058
Posts: 33,089
FB and AAPL at new lows of the day. Interesting.
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MarcinO
Rep: 67
Posts: 5,506
Lots of great posts this week, guys.
I'll be off the forum until Thursday unfortunately.