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...
JI
jimkane
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So, is rat's 'W4' done, and now we get to test that 1831 low? I don't know, I still think they have a lot of shorts trapped now on the TL 'breakdown'.
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jimkane
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LOD taken out, now we see if that's it, or if they want to get the overnight low.
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jimkane
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Joking aside, there are lots of games to play here. A longer-term TL, the LOD, they will want to 'test' and game those, I'd think.
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jimkane
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A little correction here. The low, when set in the then front month (basis Sept), was 1831, but in the current contract it was set at 1823.
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jimkane
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TL at around 62, low in the overnight 61. They are close at 62.75 here.
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jimkane
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I'd love a swooooooooooooooooooooosh if they take them out, but they most likely just want to game them for now.
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jimkane
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TL basically hit, so it's showtime. Put up or shut up. Fish or cut bait. Sh or get off the pot. Do or die.