Thursday, October 23, 2014

Morning Charts 10/23/2014 SPX /es

O's abandonment is in full swing now. After STB discussing the coming of this months ago and the dangers of the lamest lone duck ever, the libtards and democraps are now basically abandoning the administration's ship. Can you blame them? 

After noting recently that even Obozo's flagship station MSNBC is starting to daringly speak in a negative tone about his highness, today the leading MSNBC libtard mouthpiece says, "It's like Obama has Ebola." Let's put it this way, 

"The ineptitude of the White House political operation has sunk from annoying to embarrassing,"

Good thing there wont't be any voting irregularities this time - wait - there was a problem in Illinois (noooo way) where the GOP votes in early voting were transformed into votes for democrats. Don't worry, it was just a calibration error. In Illinois, that's the last place one would think such a thing would happen. Ya think they showed their hand a bit early? 

It's a good thing there are no worries of voter fraud this early in the election cycle in CO, NC or NYC. It's still early, things will heat up soon one would suspect. I'm so relieved that race or immigrant voters will not be an issue. 

I mean who would not want to vote for all of Obozo's policies that are on the ballot? He said they are there. He's proud of them and not backing down from this point. We're either bout to find out just how stupid and ignorant voters are in America or just how rigged the system is. Either way, we'll be left with the lamest duck potus and his pen. That's a horrifying thought. 

Want to read some of the most wasteful things your government spends money on? Check this out - Senator Tom Coburn's Wastebook. 74 pages of inglorious expenditures. Just read the table of contents - you may not want to read any further. 

As you well know, things are really screwed up in DC, and no matter the end results of the coming election - they will only get worse. That's virtually guaranteed. 

You should look at this - 10 Things About The U.S. News Media That They Do Not Want You To Know

On to the lie - 

SPX 5m - Hmmm, was yesterday what we can expect from future non pomo days? Good luck for bully as today is a pomo day. I'm not sure how that's going to work with the HnS that formed yesterday at the top (targeting 1910). This HnS target works well with the backtest scenario of the larger IHnS neckline breakout as well as the original overthrow point backtest (which it has done regularly). 

Pomo today does work for the underthrow that happened late in the selloff yesterday. Pomo and pos divs after an underthrow? That should work for bully, if not and things continue to fall, then that adds to the strength of the rebound to come (just as the excessive overthrow added to the fall). 

One thing that did work (after the fact) was the overthrow Tuesday and all the neg divs I kept prompting about. The fall late yesterday was a factor of the abuse of the upper falling megaphone resistance and the end of the rising red wedge - they really got carried away yesterday morning and paid the price late. 

So, again, we're left overnight at another technical fork in the road. Not as blatant as yesterday, but still there. The main difference between the two days - pomo and no pomo. So, what do you think will happen? 

Good news update - Bently the Cavalier tests negative for ebola! Yay!

More to come below. 

Have a good day. 

GL and GB!

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