Thursday, October 30, 2014

Morning Charts 10/30/2014 SPX /es

I have to at least throw this in - As for John Kerry - "White House officials joke that he is like the astronaut played by Sandra Bullock in the movie “Gravity,” somersaulting through space, untethered to the White House." 

Add this to the list - State Department: We Are Not Going To Apologize For Calling Netanyahu A “Chickenshit”…

You gotta see this - (Dem led) Senate Ethics Committee: We Lost Complaint On Harry Reid And Obama Admin Getting Visas For Clients

And Obozo can't figure out why the world is trying to disassociate from him and all his policies that are "on the ballot?

And we're supposed to listen to this idiot that got us into all this mess - this sounds like praying for forgiveness on your death bed. 

Alan Greenspan: QE Failed To Help The Economy, The Unwind Will Be Painful, "Buy GoldSaying something like that, disputing the Fed, get's folks killed. 

Waste? LOL - you can't even fathom the sheer amount of waste - the only question is - where did all the money go? Putting The Fallacy Of QE Into Perspective - This will blow your mind (and get you to wondering how? Burn rate? Where is it all? Theft? 

QE is over - GFL with that - let's see how long this lasts - what's next? Raise rates. Hahahahahahaha. Maybe they've stuffed the banks with enough cash to keep this thing alive for a while or they have enough in the stealth account to keep it afloat till January. 

I may throw up on my computer this morning if GDP comes in glowing and rosy (which it will). 

On to the lie - 

SPX Daily - While the short term charts are primed and ready for a reversal (and keep getting abused) - this daily chart's not quite ready yet. Or is it? That backtest of the busted diagonal of death would make for a lovely reversal of death point - and you should suspect they know this as well. A spike in price here would really set yet another set of nasty negative divergences. 

SPX Weekly - Simple - another 30 point or so pop at this pace and the negative divergences will be truly astounding on the weekly chart. I know, this does not matter in their world, but with taper off, maybe it does this time. To add to the backtest above - a potential right shoulder (the bad kind) setup is in the making. This counters the bullish IHnS I've been showing on the 30m chart. They are all over the place here - this is what tops are made of. The negative divergences on the chart below are amazing. Can you say rigged? 

I'm still in wait and see mode. I'm a bit frozen, because I'm still in a state of disbelief at the Fed's actions or their ability to manipulate things (yes, even after all we've been through for all these years). The lies are so thick and deep, and the cost has never been greater (on many levels). Nothing makes sense anymore. This is why I recommend checking your brain at the door every morning. It will only get in your way. 

Let me add this - there may never be a better time for my "event" thank in the next week. If they can't get the vote rigged right (here, here and here), expect it. 

More to come below. 

Have a good day. 

GL and GB!

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