Monday, November 4, 2013

Morning Charts 11/04/13 SPX /ES

A classic libtard democrap statement, one that truly defines the new socialist times by Feinstein: Hey, you could have kept your plan … until we enacted ObamaCare

How nice! The war is coming between the administration that has all their chips in on this socialist healthcare plan and a nation that is being thrown under the bus by a nanny state that supports special and corporate interest over its citizens. The wheels are coming off folks. Maybe their arrogance and steadfastness on this horrific idea might, just might, be the opening we need to slow down the socialist agenda.

When even NBC starts questioning the powers that be, you know there is a serious problem brewing, NBC’s Gregory to Axelrod: Why didn’t you or anyone stop Obama from lying?. And even CBS is getting in on the act, CBS'S SCHIEFFER: OBAMACARE SHOWS GOVT. INCAPABLE OF MAKING THINGS BETTERMaybe we should all start visiting to witness the horror stories that are coming from the lies surrounding the implementation of the ACA.

I don't think this is mere lip service. I think with the lame duck potus and his 40% approval rating, the cart may be being placed on the rails to roll him right on out of town. Maybe this HC disaster will be enough to right our ship somewhat, enough to bring us together enough to fight back.

And since we're all feeling so warm and fuzzy about the nation and our constitutional status right now how about this bit of news Navy SEALS ordered to remove ‘Don’t Tread On Me’ symbol from uniforms. Of course this follows the removal of any military brass that are not willing to shoot or detain American citizens.

Let's not address the NSA or any of the other abuses this morning. The above is bad enough. What a great country we're becoming!

On to the lie -

The ZH post sums it up nicely - A "Frothy", "Overbullish", "Overbought", "Overmargined" Market With "Not Enough Bears" - In Charts

Not much more to say. I say it almost every morning, the market is the big lie that is covering up the collapsing economy. The Bernanke/Yellen put will be perpetually in place and up is the only way to go. They will control and manipulate the markets until this thing collapses.

Minis 60m - I was focused on the 200 and 50ma's last week on the 60m chart. Well, that proved to be a wise move. Check out the stick save on the 50/200 bear cross they manipulated. Amazing stuff, well not really when they control every tick. I bet there are some serious sell stops sitiing in the 52 to 41 zone and they are seriously guarding that level.1741, 52 and 70 are the key numbers to watch this week.

More to come below.

Have a good week.

GL and GB!

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