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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...
JI
jimkane
Rep: 3,058
Posts: 33,089
As much as I love this area for a short, my read right now is the odds of it happening today are, give or take, about 5 million to one against it. Of course those are just made up numbers, expressing my read on this. I want to short this like crazy, but I need to see something happen. The timing factor I use says it could make a move any time now, so I am ready.
JI
jimkane
Rep: 3,058
Posts: 33,089
Probably that move that the timing factor says is coming will be an upside blowout.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, watch as it takes out yesterday's high here.
JI
jimkane
Rep: 3,058
Posts: 33,089
High taken out.
JI
jimkane
Rep: 3,058
Posts: 33,089
So, ES down 45.50 points, then up 48.75 points so far, by my data, in under 7 hours. Hmmm.
JI
jimkane
Rep: 3,058
Posts: 33,089
No claims, but that timing factor once again nailed when the move was getting ready to start.
JI
jimkane
Rep: 3,058
Posts: 33,089
Up 52.75 off the low, by my data. An average day.
JI
jimkane
Rep: 3,058
Posts: 33,089
I hope they can get it to up 60 off the low. That would be cool. They have plenty of time.
JI
jimkane
Rep: 3,058
Posts: 33,089
C'mon, a few more points for that up 60 off the low.
JI
jimkane
Rep: 3,058
Posts: 33,089
You can do it!
MA
MarcinO
Rep: 67
Posts: 5,506
Lots of great posts this week, guys.
I'll be off the forum until Thursday unfortunately.