Monday, May 12, 2014

Morning Charts 05/12/14 SPX /es

Just briefly I'll hit one 'what's coming' this morning. Oldie but a goodie and I like to promote when the experts are backing up my thoughts and long term theories. In Cameron, Confiscation, And "What's Yours Ain't Yours!" those in the EU (and via osmosis those in the US) should be learning that these folks are dead serious about wealth confiscation. Ask the good folks in Cyprus how it felt to wake up one morning having your life savings confiscated.

I'm pretty sure that sucked, bad. STB harps on it all the time and Armstrong's post does as well, the smart folks will move their assets ahead of time. This is not an "in anticipation' move. This is a move following basically a promise out of economic necessity that they will come for your assets.

I talk a lot about the coming confiscation and removing your funds from their system. I know it is hard to grasp the reality we're facing. It's hard to fathom that you are going to have to protect your wealth from your government. It's hard to wrap your head around the death of democracy and the rise of the fascist corporatocracy, but it's all real and it's happening right in front of your nose.

I'll say it till I'm blue in the face. I think slowly removing your assets from their system - this means all the way out and into your mattress - is the smartest thing to be doing right now. How bad are things - well let me put it this way - by removing almost any sum of YOUR money from THEIR system to do whatever YOU want to with is now basically considered a terrorist act. Folks it does not get any worse than that. Get your money out of their system and out of the dollar. Buy physical things like gold, silver, land, tractors, guns, ammo, you name it and pay CASH where your purchases are not traceable. To me this is the best financial decision anyone can be making at this time.

The markets are a farce. Just yesterday we had another 'potential QE' blurb from the ECB. Markets popped this morning accordingly. What happened after Draghi's QE poke last week? Pop and drop? Their lies and the promise of QE4eva are not working the levitation trick they once did. The markets are tired and very nervous. The lies that have led us here are no longer working, the economy is not recovering, and the debt is unmanageable and unsustainable. Add to all that technical analysis is screaming top in the near future.

You need to seriously consider the above action plan. Your government no longer serves you. Your representatives serve their corporate masters. You are losing rights and freedoms almost daily now that were not only given you by God but the Constitution as well. You need to really have a reality check, get on the right side of all of this, put on the big boy pants and make the hard decisions. Now is the time.

On to the lie -

Minis 4hr - price still struggling to get and stay above blue falling channel resistance. Price will get above this resistance and run to 1886 then retreat. the rising green wedge into this resistance runs out of room Wednesday so something has to give. Worse, the rising STB red diagonal of death crosses upper falling blue channel resistance Friday, so something big must happen this week. I like down but fear up (still). They have to ramp it of they collapse it looking to generate fear and then the un-taper add back QE. I'm sticking with that story.

Minis 4her - Closer up you can clearly see the support and resistance. Trading above the blue falling channel resistance, under 1886 resistance, just above 1874 s/r, about in the middle of the rising green wedge whose support is at the 1886 s/r and then the STB RD of D down at 1861. Those are all your numbers for today.

More to come below.

Have you shared STB? If not and ur so inclined please do so.

Have a good day.

GL and GB!

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