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...

Give it to me, baby.

61.50, right between the TL and the overnight low, and it draws the pop. Hmmmm.

That makes for a 1-min bearish EXP ABCD. But, I think that may be it for the RTH... Darn it.

Looks done going down, but watch 69.50-70.50 in case.

Amazing to see a 10 point pop just like that. I recall some 4-5 point range days.

So, as I kind of thought, that 'W4' isn't done yet. Looks like they want to run it from the low all the way back to the high in the last half hour or so. No surprise. Anyway, at the key overhead TL here.

yup

Originally posted by jimkane

So, as I kind of thought, that 'W4' isn't done yet. Looks like they want to run it from the low all the way back to the high in the last half hour or so. No surprise. Anyway, at the key overhead TL here.

So, David Kotok is on Bloomberg, and he said right now is buying time. That was it, there is no signs of a bear, the economy is great, etc. Buy, buy, buy. Cool, count me in.

More Kotok: "It's a wonderful economy, it is not going in recession, it's growing!"

Let's see, record high number of people on food stamps (almost 48 million), record number people in their twenties living at home, poverty increasing markedly, record low in labor participation rate, record low in single family home ownership rate, median income steadily down from 1972 adjusted for inflation (and that is using the fake government numbers, imagine if they did that calculation using real, accurate numbers!), slews of people working full time in major cities who are completely homeless or living in shelters, and on and on. Sounds wonderful to me, sounds like it's growing.

USO starting to dump in the aftermarket.

Lots of great posts this week, guys.
I'll be off the forum until Thursday unfortunately.