OK, so maybe China really is gonna have a RE collapse and the WSJ is controlled by the Fed and the Governmen. Naaaaah, just kidding. How could those things be real when CNBS parades hundreds of experts a day across your TV to tell you the opposite?
For those of you that have not visited the plethora of links Rich Cash provided in the comments on my 4th post below, please do so. The man is a research beast and is always right on time with his thoughts, recommendations and analysis. My favorite is Oh No, It Just Can’t Be – Gulf Disaster, where you get, "Ike and, I am afraid, others are asserting that Goldman Sachs sold 44 percent of its holdings in BP, a total of 4,680,822 shares worth the best part of $300 million, in the weeks before the Gulf disaster that sent BP shares plummeting, and Tony Hayward, BP’s disgraceful chief executive, is reported to have sold his £1.4 million shares in BP a month before the explosion. Just eight days before the Gulf blow-out, Halliburton also announced that it had agreed to buy Boots & Coots for $240.4 million. Who are Boots & Coots? The world’s largest oil-spill clean-up company that also deals with oil well and gas well fires and blowouts."
I also like this angle from the story,:Dr. Ilya Sandra Perlingieri writes, “Even before the explosion, there is enough evidence(even from the New York Times) to show that this was more than an accident. Insiders sold shares before April 20. Poor-to-no management. Warnings from those on site that went unheeded. The list goes on and on. With a well this deep, on a geologically unstable seabed, there was no precaution. No emergency plans. No care. No solid science. Just an accident waiting to happen. More likely it was no accident. Just another false flag to distract us from all the financial theft and economic depression while another illegal war is planned. Greed trumps safety.” Now, this all appears to be a bit far flung and some seriously wacky conspiracy stuff, but until the government and BP get on the ball and give us some answers as to how and why this all happened, I'm gonna leave the door open to this being a false flag event as a possibility.
Were you aware that, "Researchers aboard the F.G. Walton Smith vessel briefed reporters on a two-week cruise in which they traced an underwater oil plume 15 miles wide, 3 miles long and about 600 feet thick. The plume’s core is 1,100 to 1,300 meters below the surface, they said. “It’s an infusion of oil and gas unlike anything else that has ever been seen anywhere, certainly in human history,” said Samantha Joye of the University of Georgia, the expedition leader."
I honestly believe the oil spill disaster is out Chernobyl and the whole SE is in danger of contamination. The severity of this disaster is of such a degree that it could be decades before it is completely cleaned up. I have to accept the false flag theory as a possibility. We'll never know (just like 9/11) the whole truth, but it is something worth keeping in the back of your mind as all this plays out.
You can get some fantastic investment information/analysis from Rich HERE at his site Jubilee Prosperity.
Anyway, the futures are reacting to something, and for those of you looking for a pop soon, I'm almost at a point where I don't really care what the charts say, I say begin to brace for a crash landing. Your seats can be used as a flotation device and remember to place the oxygen mask over your children first.
The VWAP and VWAP bands (sky blue) rarely lie and they will contain price for the most part on a calm clear day without much turbulence (note how price corrected back above the lower band). I suggest you use these as they provide a wider parameter than the standard BB's do and catch and reverse price like no other indicator I know of especially on a 1m chart (simply fantastic for use in day trading). One other thing, price once on the lower or upper side of the range will tend to stay there for the day.
GL today. Pay not attention to that Death Cross on the daily chart. It means nothing (at least you won't hear Dennis K. on CNBS touting it the way he did the golden cross last year when he swore it was all over). I guess us digital Dickweeds really have no clue.