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...

That was truly enjoyable.

Anyway, 19-24 was the center of the area, the current session high of 27.50 is pushing it to the limit for the premise. It can't go any more or the area is taken out. Hard to even imagine selling something that ramps so insanely And the reason is just as insane as the move. Chinese composite PMI drops to its lowest ever recorded. And we all know the Chinese numbers are grossly inflated. So imagine what it actually is. The market loves this because it means more 'stimulation'. Crazy concept, eh, stocks that are supposed to reflect the business potential of companies go up wildly when the economy is so bad it's scary. I thought when companies do good the shares go up, when they do bad, and the economy is bad, they go down (silly me). Now, the worse companies do, the worse the economy is, the better shares do. We are essentially in a depression, and shares are at record highs. The old inverted Bizarro world. Okay, I got it.

I want to short this so bad I can taste it. I wish I had the power to crush it to dust. I'd sell it so hard, trillions worth, just to see it crumble. I'll be cool and not act on emotions, but let's just say it's a good thing I'm not 'oligarch rich'.

It's now or never.

Yeah, that Euro can't get off the floor. And as long as the ES is rising, I think that's the way it will be.

60 pips reaction so far. I cannot upload any chart at the moment but 1. 1250 is a nice AOC.

They pushed it to 29.50, which was really pushing on the area, but when you look at the backtest line on a 240-min, it doesn't look too bad. The key .447 was at 28.66. So, it was deeper than I wanted, but acceptable. Then it dropped 39.25 points by my data, high to low. Like I said, I wanted this one bad. It was spooky to consider a short after that kind of ramping nonsense, but I looked at that like a big positive. It made for a completely compulsory short, in my opinion. It doesn't get any better than this.

Originally posted by jimkane

Anyway, 19-24 was the center of the area, the current session high of 27.50 is pushing it to the limit for the premise. It can't go any more or the area is taken out...

Market down, Euro up. Yawn. Been there, done that.

Originally posted by MarcinO

60 pips reaction so far. I cannot upload any chart at the moment but 1. 1250 is a nice AOC.

Mentor students of mine should note what happened into the area. A key signature, nested.

Crapple, F&%#book, and Sh#@er all down today once again. Sh#@er really getting pounded.

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