http://www.zerohedge.com/article/oops-beige-book-sees-widespread-signs-deceleration
2:30 - Minis in an ongoing battle with that upper yellow dashed diagonal.
2:09 - Bigger AUD chart - Possible right shoulder here if I move that support line up to that last low.
2:06 - AUD/JPY breakdown.
9:37 - SPX 1m - here is the wedge and the possible breakout. This may be a 5th wave to the 1106 area. Not leaving out the possibility of a backtest.
POMO defined - http://www.newyorkfed.org/markets/pomo/display/index.cfm
Don't believe the statement "there are no operations at this time" - here is the schedule,
http://www.newyorkfed.org/markets/tot_operation_schedule.html
Minis - breakout of the channel and a backtest. Stuck under 97 resistance but above the 30m 200ma with strength in the indicators. This may be looking more like a minor 2.
That was not much of a corrective. I guess 23.6% of the run off 1037 may have to do. At this time I'm thinking that was an A, up for B here, down for C to near 80 and then the march continues to the 17 to 30 range. That would be my primary call. The bullshit artists may be back in control which may allow greed and fear to ramp this puppy up some more. Greece and the PIIGS are baaaaaack. We all knew they would be. That may be really screwing with Ben's plans here (and with my call to move on up). My alternate call would be to grind out in some sort of massive wedge and consolidate as long as they can hold it up. We all know what the only other option is.
Off to do the big blog. GL today.
