Sic transit gloria mundi
First! The triangle wants to delay a bit and let the volatility come back in before next week's big announcement.I'm heading back out to the Olympics next weekend for a 2-day 50-mile hike, the Skyline Trail. You have to move fast and light to tackle it in a weekend, so it looks like a bivy bag and no stove for me. In the fall the tourists go home and leave the mountains to us crazies.
Do you think the refugee crisis in Europe is a prelude to war? Are we about to finish off Syria? If so, the market is in even more trouble than we think.
Looks like we are up up and away.
Actually, @ 1964 and change, we're right at the triangle boundary.So it either breaks or we get "e of B" down.
Oh, we're outside the triangle as drawn now, by 4 or 5 handles ... and the tape seems to be well aware of this.
hey CG.Well, it sure looks like we're headed into the 2050 or so area next week.-Q. what level is that at the Bradley date, 1600s or so?--Hell, I'd settle for 2050 to 1820 right now by mid Oct. ;)
Yeah, Doomie, the triangle looks very broken at the moment. We are likely headed up for a kissback or retest next week.2040 SPX would be old support and the rally trendline since 2011 (the year). 2070 would be a wild ride to kiss the bottom of the old ending-diagonal mess that took forever to wrap up.McHugh has a "phi mate" turn coming up soon. His last one was August 14th -- not too shabby. That thick pink line which we could call Apocalyptic Bear Support is around 1540 into the October 9th "major" Bradley turn, as calculated by Manfred Zimmel.I ran across a bunch of amanita mushrooms in the Olympic mountains this past weekend.
BTW, UVXY breaking down below $60 and busting the triangle of its own that it had going would probably also help confirm that wave "B" down of this retrace is in fact complete and that we are now working on the "C" up impulse finale.
Great Hempfest in Seattle! Down the drain we go. https://www.youtube.com/watch?v=_l-PyONya58
I thought that stuff was supposed to make everyone mellow.We now have pot stores all over town, but I have heard that the taxes and overhead on the legitimate sales are so high that there is still an active street trade.Market going nowhere -- probably on watch for a terminal pattern like an ending-diagonal or other bearish wedge into the FOMC window next week.Which drugs is more debilitating, MJ or NFL?
"I hate all sports as rabidly as a person who likes sports hates common sense."H.L. Mencken
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