Tuesday, April 30, 2013

Morning Charts 04/30/13 SPX /ES

It is like watching a bad horror flick. You know what's going to happen to the really hot blonde chick when she goes into the shed outside after dark, but you want her to stay alive cause she's the only thing worth watching in the movie (ladies you may substitute what you may there). Substitute the really hot chick with the awesomeness of the debt bubble. The synthetic beauty of the past 10 years resembles the enhanced medically adjusted body of the tight t-shirt wearing blonde, it ain't real. Yeah, it's there and you are enjoying it, but it's not natural. Just like her body being manipulated to deceive you everything economically has been as well.

Some years later and a few miles down the road, things start to show some wear. In this case they are on their 18th or so enhancement and are starting to resemble Justin the real life Ken Doll. Want to see the poster children for or economy today?

There you go folks. Look into the eyes of reality. Controlled, manipulated, self absorbed, self serving out of touch, lost in space, danger Will Robinson danger situation we've created. For all I know this may be the next first couple. We've done worse I suspect. Why not? These two perfectly peg the motif. Greed, total control, fake and totally manipulated. Welcome to reality today.

On to the markets -

SPX 30m -Bloggern ot allowing me to upload SC charts for some reason - sorry.

Minis 30m - Still in the blue channel, battling with old triple diagonal resistance and just under 1600. If they can some how manage to push thru 1600 here with resistance becoming support the bears may just need to go into hibernation. If not and the air pocket below gets activated, the bulls may not wish they were born. That basically sums up the situation. Overbought, out of touch markets keep ramping on no volume defying every fundamental reality that's left. Of course the new reality shall go on till something disrupts the system.

As usual more to come below.

There have been some issues with people not being able to log into Disqust. I apologize for this inconvenience, but Disqust is out of my hands. I have not banned anyone from the blog. This is something that is out of my control, but I am working on it to see if I can fix anything. 

On the subject of disclosure, a group including the former Canadian Defense Minister met in Washington yesterday. See the AJE report here. This meeting closely follows the premier of the Sirius Disclosure movie last week. Regular readers know that I believe disclosure is one of their trump cards they will use to distract us either before or after the crash. I once was a UFO skeptic, I still have my questions, but the evidence is starting to mount to a point that it is (as many other things are) becoming more conspiracy fact than theory.

Have a good day.

GL and GB!

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