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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
Time for the ES to rise a bit.
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jimkane
Rep: 3,058
Posts: 33,089
I suspect it may chop in the low end of the range for awhile. I'd like it to keep moving down, but this is a tough area in here. I was kinda joking there when I saw that program hit that the ES would be rising. Although it could, I'm just not seeing it too much right now. Some, a bounce, but not much more. You can just never be sure with these maniacs, though. It's all odds and probability.
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jimkane
Rep: 3,058
Posts: 33,089
Duplicate post, can't get my delete function to work...
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jimkane
Rep: 3,058
Posts: 33,089
These 1-min swings are nuts.
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jimkane
Rep: 3,058
Posts: 33,089
Should be time to come out of this little range here. I'd suspect up, at least first. Probably just up, period.
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jimkane
Rep: 3,058
Posts: 33,089
I'm not going to do too much analysis of rolling chop, but they popped up there, then came right back in. That usually leads to a sweep down. Then in my experience, with the action lately, it's about 50/50 with downside continuation, and a sweep back up and continuation that way (double or triple stop sweeps).
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jimkane
Rep: 3,058
Posts: 33,089
So, it's done exactly as one would expect if a real move was about to ensue. It came out of the range at the extected time, pulled back half way in, the the balance point, then launched out hard.
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jimkane
Rep: 3,058
Posts: 33,089
I could be dead wrong, but they are making this look like they will be making up the entire drop post haste.
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jimkane
Rep: 3,058
Posts: 33,089
First test at the KZ here.
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jimkane
Rep: 3,058
Posts: 33,089
Lots of stuff here, real tough area. Now we see.
MA
MarcinO
Rep: 67
Posts: 5,506
Lots of great posts this week, guys.
I'll be off the forum until Thursday unfortunately.