Tuesday, October 29, 2013

Morning Charts 10/29/13 SPX /ES

I've moaned and groaned about it for years. It is truly disgusting how self absorbed, greedy and selfish we are as a people. The ME or MINE generation in all its glory is being exposed. From the entitled to the rich, the internal makeup is identical, mine, mine, mine, is all that matters. Give me mine and then give me moar, cause I'm worth more.

Really? Simply cause we exist we deserve something? Cause I'm alive I'm entitled to live at a specific standard? And we wonder why people from around the globe look at Americans with such disdain. Maybe someone from a place like Somalia, Kenya or even Mexico would be kind enough to point out that entitlement is not something you are born with. 

Amazingly similar to a pigs ability to waller in its own mess without getting sick, we the sheeple apparently have developed that same immunity. For decades we've done nothing more than lie in our own waste and have come so accustomed to it we hardly even know the mess is all around us anymore. Is it any wonder that antibiotics are no longer working their magic?

Suggested reading this morning comes from Zero Hedge -Guest Post: Culture Of Ignorance - Part I where you will find this wonderful quote, 
“Five percent of the people think;
ten percent of the people think they think;
and the other eighty-five percent would rather die than think.”

- Thomas Edison

I believe Ocare is the pinnacle of the entitlement state's failure. It encompasses everything that is wrong with this nation covering every spectrum from social to political. Greed, corruption, self grandeur, entitlement, laziness, lack of attention to detail, lies, the list goes on. That list perfectly sums up how we've reached this destination and the irreparable damage we've committed to the nation.

I ask again, would our founding fathers have fought and died for this if they knew this was where we were going to end up? I think not. I think they would be horribly disappointed. I think we all should be disappointed. Do we deserve better? Not no, but hell no. 

Have we earned anything? Not really. We're devolving as a nation and as humans. Slothfulness and greed are a terrible combination and we exemplify the unimaginable combination of the two. 

We're about to face the purging that should have happened in 2008. The great bitch-slap is coming and it will not be pleasant. When this economic meltdown and financial catastrophe finally hits the wall the nanny state will not be there to save us anymore. 

Our great provider and protector is about to grow a great set of fangs and horrendous claws and turn from angel to daemon. What once provided will now police. We're close and now is the time for you to separate reality from fantasy. Now is the time for you to realize that it is to late. Now is the time for you to rise from the waste pile, wash yourself off and start paying attention. 

That our government is out of control is an understatement. If you still contend that you have rights on paper or provided by a Constitution, that is a stretch. What's written no longer applies to those in power. It's gut check time people. Get it together or else.

On to the lie - 

Daily SPX - She's ready, but team manipulation is apparently not. Daily MACD histogram is about 2 days overdue predicting a turn. That's a bit unusual. They can't let it fall or even correct at this point. There are some massive holes under price that they have created and must protect now.

Minis 60m - Wake me up when price either hits the upper LT blue resistance diagonal at 1768 or if it crosses the lower gray support near 1753.

More to come below.

Have a good day.

GL and GB!

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