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...

if they blow that out, up it goes for real

1907 comes and goes, and those highs. 10 area and the SL/priceflow is close. There appears to be no stopping this juggernaut. The only possibility I see is just that they wanted to gun those stops.

They did take that high out, but the area itself that you show isn't blown out. So, like I said, it could just be a stop run. But who knows. All I can say is this spot has so much stuff if it can take it with no rest, wow. But, the big pullback it had sure could have given it the energy to keep moving.

Originally posted by rat89

if they blow that out, up it goes for real

The really cool spot is the breakdown backtest area at 20+-. But, as I said, this is quite an area here. I just can't see it stopping right now.

Mostly just read the headline. More if you want, but the headline covers it all.

http://www.zerohedge.com/news/2015-09-30/retail-investors-have-never-been-more-bullish-based-record-vix-etf-selling

Recall I mentioned 10 and the SL/priceflow. 9.75 is drawing a reaction. But how much of a reaction? Probably a tiny dip and up to the next level. If it clears this then that backtest area (which, eyeballing it, is about 19-24) will call it like a siren on the rocks.

1910, with the close near. I still think they want to burst it up into the cash close and then the futures close. Just a hunch. It's clearly over the main lines by just a little bit. That could indicate the fakeout, and it's done. This is going to be a wild, crazy, fascinating finish this week. Trading action just can't get any better than this, in my opinion.

Get ready for a burst.

you got it ;)

Originally posted by jimkane

Get ready for a burst.

We are getting a burst alright, look at that nice little drop on the cash close. 10.50 and down. But, will it just be another dip on the way to 19-24? We'll see. End of the quarter today. Tomorrow may be a whole 'nother story. Jobs data manana, and the big jobs report Friday. It's going to be exciting. I'm in the mood for some short action, I can tell you that. I would have monster short side bias at 19-24, I can say that.

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