ABCD to 1.1185?

This one has been good so far for shorter-term short plays off this, but it's going to break my heart as if it was the head cheerleader dumping me an hour before the prom if it doesn't play out big time.

Originally posted by rat89

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And by big time I mean at least the ML, but preferably the lower //, minimum.

Look at that nice pop when those stops got hit there. This long is looking good.

Article title from ZeroHedge:

NYSE Short Interest Surges To Record, Pre-Lehman Level

I think we are about to see a short squeeze that sends this up to new all-time highs. I mostly expect this because nothing would drive me more insane, and I find that the market usually does what upsets me the most. So, although I will be ready if the sellers reassert themselves, my working assumption now is this wonderful area will likely give way, and new all-time highs will be forthcoming. This is the better scenario in the long run, based on Armstrong's models, because instead of the slingshot to as high as Dow 43,000, it means a big bear after it hits the new all-time highs (again, if I understand him correctly, since as I said, he's hard to follow at times).

That nap is wearing thin, but I just can't get to bed... Anyway, the area got 'blown out', as expected. Now we see if it's just a false pop over. If it drops down before the open, as far as rat's RTH charts, it will be like it never happened. That is a possibility, but I think 'way up' is still favored. We'll see. I don't care what it does, all we can do is read it, and act accordingly. It's always a fun time, regardless.

Greetings from Athens (actually Pireus port), guys.

The Euro is struggling with overhead TL.
If it breaks it, I think my next areas are 1.1330 and then 75-90.

spy 60 – blue box is showing the fib range from .786 to .886. of recent swing.

201.84 – 186.93 = .786 at 198.65
201.84 – 186.93 = .886 at 200.14
195.00 - 186.93 = 1.618 at 199.99
212.08 – 181.46 = .618 at 200.38

Yeah, rat, that's how I see it via the futs, too. It's pushed up deep into the area, but it could still hold. The issue I have here is I'm short-term long side bias in here, and feeling rather confident. It just looks like it's going up. Hopefully that sentiment will change. All I care about is the bigger picture, not one trade right now. But, I think the odds are favoring an upside blowout. Yuck...

Anyway, this 82.75 spot here is an area, so let's see how it handles it.

This is some funny stuff.

http://blogs.reuters.com/breakingviews/2015/10/09/the-devils-dictionary-of-post-crisis-finance/