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Ignore the transports. Well, ok, watch the transports. They've moved smartly off the lows in time for Yellen's speech. So what?

It is poker, but the rules of the game are constantly shifting. A straight flush may once have been the winning hand. Now it's a pair of twos. In the future, it might be some other combination.

Stockman is an idiot. He says the same thing every year. For example, http://www.cnbc.com/id/101625302

Expect the pre-holiday melt-up to all new highs.

The only sensible course at the moment. We're now consolidating at this massive volume hive that's developed over the last week. That said, I can't wait to see how this morning's core CPI surprise is spun to justify the pre-holiday melt-up to all-time highs.

In other words, 75% of bankers are liars. Sounds about right.

He doesn't need medical help. He just needs to get long. Core inflation higher than expected, which has resulted in a 00.15% correction. My God, BUY!

That just means more upside.

I definitely do not.

Chance of a retrace here but I am done for the day. Possibly the week

That's simply wrong. My target was pre-determined. Done with this convo.

My target was hit. And then I was flat. Trading does not require one to be in the market at all times.

Yes, I've been flat since lunch. Breakout was not a favorable-odds proposition, IMHO. But neither was breakdown. No edge = no opinion = no trade. Also no luck involved in long (nor smarts, really). Clear base built at yesterday's low. Entry, stop, target, walk away.

No wonder you're freaking out over AI. You're fighting the trend. Yes, I know about the three descending tops and R2...but so does everybody else...and everybody else's bot. Maybe it'll work but this isn't anything like yesterday's long.

Their intentions have been made public. The Bank of Japan has said, explicitly, that it is buying equities. Our own Fed has said it, implicitly. They cannot unwind that trade. This isn't guessing. This is reading.

Dude, while you're b*tching about AI, I went long overnight. Whaddup?

Gotcha. Ok, that's true. But the math is pre Q.E.D.

I've no idea what you're trying to say here but it sounds like you're ready to move on to your next phase in life.