You know the drill, share the love and the knowledge.
I'll be looking for all sorts of fireworks this weekend, especially in the East.
I'll update a few charts and let you know if I see anything. Basically everything is worthless at this point as markets are in total reaction mode.
Enjoy the holiday,
GL and GB!
Friday, August 30, 2013
Morning Rant ' Why Syria' and Charts 08/30/13 SPX /ES
Syria. Hmmm, why all the fuss? Why do we have such a major issue with having to bring justice to the Assad regime for using chemical weapons on innocent civilians? Wait, what's that? You mean the whole world is in serious doubt that the regime was responsible for the attacks, and that this may have actually been a false flag operation carried out by the Amerikans and their allies Al-CIAda? Whoaaaa.
Wait a minute, Wait just one minute. That's some serious crazy talk. The USSA doing some crazy, underhanded, manipulative action to incite a war? Stop it right there. That is just stupid talk. OK, they've done it before, actually several times. you need to read 10 false flags operations that shaped our world to get a better perspective on this whole false flag operation idea.
What is a false flag you ask? From wikipedia we get, "False flag (or black flag) describes covert military or paramilitary operations designed to deceive in such a way that the operations appear as though they are being carried out by other entities, groups or nations than those who actually planned and executed them. Operations carried during peace-time by civilian organizations, as well as covert government agencies, may by extension be called false flag operations if they seek to hide the real organisation behind an operation." Remember the Maine, Gulf of Tonkin, Reichstag - all major global events that changed the political landscape of the globe and all were sponsored and carried out as covert operations to fool the mass public so a war could be carried out.
This shit is REAL, and don't you think for one second that this is just conspiracy hogwash. The most recent example of such an operation can be found looking no further than Iraq. Remember Collin Powell testifying? Yea, he may be a better actor than a general. You should read How The Times Have Changed: CIA Files Prove America Helped Saddam Use Chemical Weapons.
I'm really not sure when we became the world's police force and chief disciplinarian. I'm pretty sure that came about right after World War II and was chillingly brought to our attention in Dwight D. Eisenhower's 1961 farewell address. "we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists, and will persist." It was solidified with the JFK assassination. It was furthered under Bush I and II. Obummer, the champion of change, the Nobel Peace Prize winner, is the final puppet to carry the banner to the end.
Why do we give a rat's ass if they have a civil war in Syria? Why is it so important that we topple the Assad regime? It isn't. What is important is that our politicians and central bankers need cover for failed economic policies, for the global spying, for the collapsing dollar (world reserve currency), for the debt bubble that is about to implode and for implementation of a global police force so the globe will do our bidding and our's only.
This war is about failed policies, to enrich the military industrial complex and to protect the petro-dollar and nothing more. This war is meant to entice fear into the masses and governments, to drive them to buy US Treasuries and continue to trade even more oil in even more US dollars. This war is about covering up years of corruption and complete lack of financial regulation.
We are, literally, on the doorstep of financial doom. For years now I've been trying to explain how the math does not work. How $1 Trillion in income can not possibly sustain $2 Trillion in annual spending, a $17 trillion deficit and over $120 trillion in unfunded liabilities. The sequester last year proves that we can't even cut $84 billion of spending without throwing our crumbling economy into convulsions.
Be prepared folks. If they don't get their war over there, or even if they do, something WILL go down over here. It will be large, like on the scale of 9/11 or greater. It will be meant to galvanize the nation against yet another bogeyman. It will also be an inside job. This "event" will serve to enrich and empower the police state, complete the gun grab, to further concentrate power in the government, lessen our freedoms and to complete our destiny as debt serfs to the central bank. Take a look at every post on Washington's Blog today or this weekend for much more background on all of this.
Let me reiterate that we're currently fighting WITH, WITH, Al-Qaeda in Syria. If that does not tell you how screwed up things are then you need to have your head examined. The bogey man behind 9/11, cause of all the unconstitutional NSA surveillance, the Patriot Act, the TSA and DHS, the infidel jihadists that want to kill every christian and Amerikan, this is our new ally.
They (the administration and central bank) are beyond desperate at this point. This is why they are so steadfast on war. War is their only way out at this point. I just hope the sheeple here see through the fog and are willing to stand up against the government as so many others have done around the globe. Sadly, it will not make a difference here. These sadistic bastards will do what they must to maintain their power and wealth machine.
Be on the lookout for something either this new moon or next, and be especially diligent when or if something domestic happens. Make sure before you blindly pick up your flag and start chanting USA, USA that you objectively look at what happened, where, how and why. I'll promise you this, if you do not see through the false flag this time, the next time you are called to rally for your nation is will be for the USSA and not the good 'ol USA.
On to the lie -
I've told you for years the markets are nothing more than an illusion and distraction to the larger scheme. Let's look at them anyway since that's what we're all here for.
Minis 60m - My second target of the Red support diagonal is upon us. This was all I was willing to go for this fall. So, what's about to happen. Well, if the war rhetoric dies markets still face budget, deficit and debt ceiling talks the next two weeks. Look, after the fiscal cliff fiasco last year, WTF, who really cares about all the crap they are about to spew in DC. We all know they will put on a show like they really care and raise the debt ceiling no matter what. It is what they do. do you really think austerity and spending cuts or sequesters will go over well in DC especially since we're so far into this great "recovery". Shuh, riiiight.
1619 in the lower right corner. That is the line of doom. If that goes the fall that follows will be significant. If they can hold it and get into a taper off situation a rally may ensue for a month or so. Funny how major technical points always time themselves with large economic or global issues.
More to come below.
Enjoy the holiday weekend.
GL and GB!
Wait a minute, Wait just one minute. That's some serious crazy talk. The USSA doing some crazy, underhanded, manipulative action to incite a war? Stop it right there. That is just stupid talk. OK, they've done it before, actually several times. you need to read 10 false flags operations that shaped our world to get a better perspective on this whole false flag operation idea.
What is a false flag you ask? From wikipedia we get, "False flag (or black flag) describes covert military or paramilitary operations designed to deceive in such a way that the operations appear as though they are being carried out by other entities, groups or nations than those who actually planned and executed them. Operations carried during peace-time by civilian organizations, as well as covert government agencies, may by extension be called false flag operations if they seek to hide the real organisation behind an operation." Remember the Maine, Gulf of Tonkin, Reichstag - all major global events that changed the political landscape of the globe and all were sponsored and carried out as covert operations to fool the mass public so a war could be carried out.
This shit is REAL, and don't you think for one second that this is just conspiracy hogwash. The most recent example of such an operation can be found looking no further than Iraq. Remember Collin Powell testifying? Yea, he may be a better actor than a general. You should read How The Times Have Changed: CIA Files Prove America Helped Saddam Use Chemical Weapons.
I'm really not sure when we became the world's police force and chief disciplinarian. I'm pretty sure that came about right after World War II and was chillingly brought to our attention in Dwight D. Eisenhower's 1961 farewell address. "we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists, and will persist." It was solidified with the JFK assassination. It was furthered under Bush I and II. Obummer, the champion of change, the Nobel Peace Prize winner, is the final puppet to carry the banner to the end.
Why do we give a rat's ass if they have a civil war in Syria? Why is it so important that we topple the Assad regime? It isn't. What is important is that our politicians and central bankers need cover for failed economic policies, for the global spying, for the collapsing dollar (world reserve currency), for the debt bubble that is about to implode and for implementation of a global police force so the globe will do our bidding and our's only.
This war is about failed policies, to enrich the military industrial complex and to protect the petro-dollar and nothing more. This war is meant to entice fear into the masses and governments, to drive them to buy US Treasuries and continue to trade even more oil in even more US dollars. This war is about covering up years of corruption and complete lack of financial regulation.
We are, literally, on the doorstep of financial doom. For years now I've been trying to explain how the math does not work. How $1 Trillion in income can not possibly sustain $2 Trillion in annual spending, a $17 trillion deficit and over $120 trillion in unfunded liabilities. The sequester last year proves that we can't even cut $84 billion of spending without throwing our crumbling economy into convulsions.
Be prepared folks. If they don't get their war over there, or even if they do, something WILL go down over here. It will be large, like on the scale of 9/11 or greater. It will be meant to galvanize the nation against yet another bogeyman. It will also be an inside job. This "event" will serve to enrich and empower the police state, complete the gun grab, to further concentrate power in the government, lessen our freedoms and to complete our destiny as debt serfs to the central bank. Take a look at every post on Washington's Blog today or this weekend for much more background on all of this.
Let me reiterate that we're currently fighting WITH, WITH, Al-Qaeda in Syria. If that does not tell you how screwed up things are then you need to have your head examined. The bogey man behind 9/11, cause of all the unconstitutional NSA surveillance, the Patriot Act, the TSA and DHS, the infidel jihadists that want to kill every christian and Amerikan, this is our new ally.
They (the administration and central bank) are beyond desperate at this point. This is why they are so steadfast on war. War is their only way out at this point. I just hope the sheeple here see through the fog and are willing to stand up against the government as so many others have done around the globe. Sadly, it will not make a difference here. These sadistic bastards will do what they must to maintain their power and wealth machine.
Be on the lookout for something either this new moon or next, and be especially diligent when or if something domestic happens. Make sure before you blindly pick up your flag and start chanting USA, USA that you objectively look at what happened, where, how and why. I'll promise you this, if you do not see through the false flag this time, the next time you are called to rally for your nation is will be for the USSA and not the good 'ol USA.
On to the lie -
I've told you for years the markets are nothing more than an illusion and distraction to the larger scheme. Let's look at them anyway since that's what we're all here for.
Minis 60m - My second target of the Red support diagonal is upon us. This was all I was willing to go for this fall. So, what's about to happen. Well, if the war rhetoric dies markets still face budget, deficit and debt ceiling talks the next two weeks. Look, after the fiscal cliff fiasco last year, WTF, who really cares about all the crap they are about to spew in DC. We all know they will put on a show like they really care and raise the debt ceiling no matter what. It is what they do. do you really think austerity and spending cuts or sequesters will go over well in DC especially since we're so far into this great "recovery". Shuh, riiiight.
1619 in the lower right corner. That is the line of doom. If that goes the fall that follows will be significant. If they can hold it and get into a taper off situation a rally may ensue for a month or so. Funny how major technical points always time themselves with large economic or global issues.
More to come below.
Enjoy the holiday weekend.
GL and GB!
Thursday, August 29, 2013
Morning Charts 08/29/13 SPX /ES
To Syria or not to Syria, that is the question. Well, we all know that the elite must have a war to salvage the petro-dollar, support the military industrial complex and to cover up the crimes of the central banks. This is and has always been the end game scenario from whence the financial crisis started. The third and final bubble, the debt bubble, really can not have any other ending than one where insane and assiduous spending funding endless entitlement programs and special interests to benefit the powerful and not the nation leads to total implosion.
Sadly for the elite it appears that those they have held in economic captivity for so long are actually playing their one and only trump card, not going along with the war. It is nice to see the Europeans in the streets protesting the war and even nicer, even if it winds up only being lip service, their governments listening to the people's protests and actually voting on the confrontation. The UN has apparently had enough of our bullying as well.
Sadly here in the USSA we no longer have that option as we the sheeple are, well, truly sheeple that have lost all rights and voice in the government (unless it comes to a crony funding issues of course). Yes, the totalitarian, fascist, despot ruler (commonly referred to as potus) will make all necessary decisions for you. Congress is only an after thought at this point. You've got to love the patriot act, Bush Jr. and all those presidential directives.
I've discussed the possibility of no war (for now) and the chance of a taper off incident leading to one last ramp. I'm not sure if that will happen, but you must keep the possibility of them somehow ramping this market one last time for the great bull trap. The literal shit storm that our economic and political leaders are facing now is a Cat 5 storm, and it is stuck over DC and NYC raging havoc. As we've seen over the years, no matter what obstacles they have faced they have managed to do the impossible over and over again.
They are in full defense mode now. For years they have done everything in their power to protect the wealth machine (actually money transfer machine moving wealth from the lower and middle class to the 1%). To think they will just let it die is a mistake.
I believe there will be one last shot at glory for the markets and then it all ends. If not, then the "recovery" is over at this point. Syria is the next move in the transition from "recovery" to the next and greatest bubble bust of them all. The stakes are about to get seriously raised in this game of economic and financial roulette. They are moving from one to two bullets in the chamber increasing the odds of disaster significantly.
Minis 4hr - Red market support diagonal. That has been my second target all along and price is sitting just above it. 1623 is the number. Price has moved into a position where it is parallel with this diagonal tomorrow. The 23% retracement off the Novenber '12 lows sits at 1619 providing support here as well.
They either stop the fall here or I think some sell stops get triggered lading to a much larger fall. If this support cracks then pink channel support at 1586 and the s/r point at 1578 come into play. Interestingly the apex for the yellow rising wedge that defined the whole QE4eva move lies just below at 1566. These apex point can be specific market movers. The 38% retracement from the November '12 lows merges with this support point as well.
Minis 60m - Formless and lost. Wandering, searching for direction. This market is lost in the wasteland now looking for some sort of leadership and finding none. That's really bad when you have a completely rigged and manipulated POS market and it can't rally. Lower right corner, red diagonal, that's my second bogey. I'll be watching this critical support with both eyes this week.
So we sit and wait. War or no war is the burning question here. Then add the taper and budget issues to the general shit storm, what a mess they have created.
More to come below.
Have a good day.
GL and GB!
Sadly for the elite it appears that those they have held in economic captivity for so long are actually playing their one and only trump card, not going along with the war. It is nice to see the Europeans in the streets protesting the war and even nicer, even if it winds up only being lip service, their governments listening to the people's protests and actually voting on the confrontation. The UN has apparently had enough of our bullying as well.
Sadly here in the USSA we no longer have that option as we the sheeple are, well, truly sheeple that have lost all rights and voice in the government (unless it comes to a crony funding issues of course). Yes, the totalitarian, fascist, despot ruler (commonly referred to as potus) will make all necessary decisions for you. Congress is only an after thought at this point. You've got to love the patriot act, Bush Jr. and all those presidential directives.
I've discussed the possibility of no war (for now) and the chance of a taper off incident leading to one last ramp. I'm not sure if that will happen, but you must keep the possibility of them somehow ramping this market one last time for the great bull trap. The literal shit storm that our economic and political leaders are facing now is a Cat 5 storm, and it is stuck over DC and NYC raging havoc. As we've seen over the years, no matter what obstacles they have faced they have managed to do the impossible over and over again.
They are in full defense mode now. For years they have done everything in their power to protect the wealth machine (actually money transfer machine moving wealth from the lower and middle class to the 1%). To think they will just let it die is a mistake.
I believe there will be one last shot at glory for the markets and then it all ends. If not, then the "recovery" is over at this point. Syria is the next move in the transition from "recovery" to the next and greatest bubble bust of them all. The stakes are about to get seriously raised in this game of economic and financial roulette. They are moving from one to two bullets in the chamber increasing the odds of disaster significantly.
Minis 4hr - Red market support diagonal. That has been my second target all along and price is sitting just above it. 1623 is the number. Price has moved into a position where it is parallel with this diagonal tomorrow. The 23% retracement off the Novenber '12 lows sits at 1619 providing support here as well.
They either stop the fall here or I think some sell stops get triggered lading to a much larger fall. If this support cracks then pink channel support at 1586 and the s/r point at 1578 come into play. Interestingly the apex for the yellow rising wedge that defined the whole QE4eva move lies just below at 1566. These apex point can be specific market movers. The 38% retracement from the November '12 lows merges with this support point as well.
Minis 60m - Formless and lost. Wandering, searching for direction. This market is lost in the wasteland now looking for some sort of leadership and finding none. That's really bad when you have a completely rigged and manipulated POS market and it can't rally. Lower right corner, red diagonal, that's my second bogey. I'll be watching this critical support with both eyes this week.
So we sit and wait. War or no war is the burning question here. Then add the taper and budget issues to the general shit storm, what a mess they have created.
More to come below.
Have a good day.
GL and GB!
Wednesday, August 28, 2013
Morning Charts 08/28/13 SPX /ES
As I have been discussing the formless lost market for a couple of weeks now this post from ZH about the Markets Headless Chicken Dance sums up a good bit of the drivers of this massive conundrum. She's finding her way thru the darkness right now. Wandering, searching for direction. This is a great sign for the bears, while to the bulls it appears to be a temporary bump in the road.
Not much to do but wait and react right now. Syria appears to be going down no matter if the majority of the people around the globe despise and oppose the invasion. The budget crisis is coming, so that will be a new added distraction. The market's crashing as taper on reality spikes the bond markets and brings reality home. The NSA/IRS/DHS stazi state issues are burning bright. Is there not a better time to enter a war no one wants?
Daily SPX - Time for a bounce? Well, technically it could be, but geopolitical factors may have a say in that. From the top I've wanted to see the first taper on support diagonal tested. That has been as far as I was willing to go projecting this fall. The Taper ON support diagonal (blue) was my second target for this fall. I am more willing now to open up to the possibilities of more downside, much more in fact. SPXA50, NYMO and S Sto could be ready for reversal here. A few small positive divergences can be found, but as mentioned above something much larger than technical forces is driving this market now.
Minis 4hr - 1618 is red diagonal support. This is what I think they would really like to defend if possible. The 4 year bull run in the bear market will be over if they let this point go IMHO. If this point goes deep 15 handle figures will come into play and possibly some with a 14 handle.
At this time I'm really not sure A) how we're still at these levels with whats coming and B) how anyone could expect any sort of retracement given all that's going down. Even as timid and respectful as I am of "their" powers over this market and as counter intuitive bear postures have been, now I believe you must be leaning south. Only a delay of the war and a taper off with an increase in QE could rally this sucker here. I don't think they are gonna cancel the war, but more QE remains a possibility.
This week and next, markets should remain under real pressure. You also need to be on the lookout for false flag operations as they need distractions now, large ones.
More to come below.
Have a good day.
GL and GB!
Not much to do but wait and react right now. Syria appears to be going down no matter if the majority of the people around the globe despise and oppose the invasion. The budget crisis is coming, so that will be a new added distraction. The market's crashing as taper on reality spikes the bond markets and brings reality home. The NSA/IRS/DHS stazi state issues are burning bright. Is there not a better time to enter a war no one wants?
Daily SPX - Time for a bounce? Well, technically it could be, but geopolitical factors may have a say in that. From the top I've wanted to see the first taper on support diagonal tested. That has been as far as I was willing to go projecting this fall. The Taper ON support diagonal (blue) was my second target for this fall. I am more willing now to open up to the possibilities of more downside, much more in fact. SPXA50, NYMO and S Sto could be ready for reversal here. A few small positive divergences can be found, but as mentioned above something much larger than technical forces is driving this market now.
Minis 4hr - 1618 is red diagonal support. This is what I think they would really like to defend if possible. The 4 year bull run in the bear market will be over if they let this point go IMHO. If this point goes deep 15 handle figures will come into play and possibly some with a 14 handle.
At this time I'm really not sure A) how we're still at these levels with whats coming and B) how anyone could expect any sort of retracement given all that's going down. Even as timid and respectful as I am of "their" powers over this market and as counter intuitive bear postures have been, now I believe you must be leaning south. Only a delay of the war and a taper off with an increase in QE could rally this sucker here. I don't think they are gonna cancel the war, but more QE remains a possibility.
This week and next, markets should remain under real pressure. You also need to be on the lookout for false flag operations as they need distractions now, large ones.
More to come below.
Have a good day.
GL and GB!
Tuesday, August 27, 2013
Morning Charts 08/27/13 SPX /ES
Just cause no one has even brought it into the realm of possibility - How bout a no war and no taper super rally into Christmas?
OK, OK , LOL, I get it. Not funny. I'm just practicing my propaganda skills for the future. Anyway, the CNN propaganda machine is touting the possibility that taper will not happen this year and that gas prices and oil are about to get a lot cheaper. All is well. Just move along and let the government handle everything.
Here we sit again looking at markets that make little sense. At least gold finally has busted into a new bull phase (for now at least) and oil finally appears to be reacting to what it should have reacted to months ago. Are we finally entering the next stage of their game? The one where their massive spending efforts have failed and they must launch a war to cover up their economic failures. It's not like anything is wrong.
What can one say or blog at this point? Seriously, I gave up telling the same stories over and over again about a year ago. Like, they've kept the US debt frozen for 100 days just under the debt ceiling and nothings wrong here? Repeated data manipulation like BS from the BLS - like home prices rising this quarter in the same period rates have almost doubled. POMO lifting and zero regulation have run rampant and have finally run their course.
Other than things continually worsening (except for equities), nothing has changed for years, till now. They need a new game. This one is old and stale. So the peacetime consigliere Bernanke will give way to the rough and tough wartime adviser Summers. Big, like huge, change is coming to the USSA. The shift from concealed crime and destruction of the Constitution is about to become blatant and your face despot rule.
Minis 4hr - Not much to say about a formless falling/drifting market that you can't trust. I've been discussing this for a while now. My backtrace target of 1652 yielded all the way to 1666 but that resistance area held. The bears held and price fell out of the rising bear flag. My second target of the red critical support diagonal is looking better now. What was once a 1608 number has been raised (due to the rising diagonal) to just about match the 1622 support here. Getting there may not be much of an issue as there really is nothing to stop price between here and there. Below that are green and yellow support diagonals that become very critical if this thing starts falling as it deserves to.
Technicals have done their job at this point. We were all pretty much ready for the turn once price surpassed 1700. Now it is just a matter of market forces overcoming blatant manipulation (or manipulators allowing a fall of some sort). All kidding aside, they may go for a quick burst at war, back off, taper off and try to get the best of both worlds here.
I don't think the rest of the globe will go for that though. They are pretty much tired of all our BS at his point. Hell, the citizens are tired of it as well. We're pretty much dealing with an elite class that think they are above every law and country on this planet, and that's not what out government is supposed to be. Sadly, there is not really anything that can stop them at this point other than the military turning on their masters.
More to come below as usual.
Have a good day.
GL and GB!
OK, OK , LOL, I get it. Not funny. I'm just practicing my propaganda skills for the future. Anyway, the CNN propaganda machine is touting the possibility that taper will not happen this year and that gas prices and oil are about to get a lot cheaper. All is well. Just move along and let the government handle everything.
Here we sit again looking at markets that make little sense. At least gold finally has busted into a new bull phase (for now at least) and oil finally appears to be reacting to what it should have reacted to months ago. Are we finally entering the next stage of their game? The one where their massive spending efforts have failed and they must launch a war to cover up their economic failures. It's not like anything is wrong.
What can one say or blog at this point? Seriously, I gave up telling the same stories over and over again about a year ago. Like, they've kept the US debt frozen for 100 days just under the debt ceiling and nothings wrong here? Repeated data manipulation like BS from the BLS - like home prices rising this quarter in the same period rates have almost doubled. POMO lifting and zero regulation have run rampant and have finally run their course.
Minis 4hr - Not much to say about a formless falling/drifting market that you can't trust. I've been discussing this for a while now. My backtrace target of 1652 yielded all the way to 1666 but that resistance area held. The bears held and price fell out of the rising bear flag. My second target of the red critical support diagonal is looking better now. What was once a 1608 number has been raised (due to the rising diagonal) to just about match the 1622 support here. Getting there may not be much of an issue as there really is nothing to stop price between here and there. Below that are green and yellow support diagonals that become very critical if this thing starts falling as it deserves to.
Technicals have done their job at this point. We were all pretty much ready for the turn once price surpassed 1700. Now it is just a matter of market forces overcoming blatant manipulation (or manipulators allowing a fall of some sort). All kidding aside, they may go for a quick burst at war, back off, taper off and try to get the best of both worlds here.
I don't think the rest of the globe will go for that though. They are pretty much tired of all our BS at his point. Hell, the citizens are tired of it as well. We're pretty much dealing with an elite class that think they are above every law and country on this planet, and that's not what out government is supposed to be. Sadly, there is not really anything that can stop them at this point other than the military turning on their masters.
More to come below as usual.
Have a good day.
GL and GB!
Monday, August 26, 2013
Morning Charts 08/26/13 SPX /ES
All you need to know this morning -
Cass Sunstein, just know that the man (another Chicago crony) Obummer just appointed to sit on the NSA oversight panel wrote this,
"The authors declare that there are five responses a government can take toward conspiracy theories: "We can readily imagine a series of possible responses. (1) Government might ban conspiracy theorizing. (2) Government might impose some kind of tax, financial or otherwise, on those who disseminate such theories. (3) Government might itself engage in counterspeech, marshaling arguments to discredit conspiracy theories. (4) Government might formally hire credible private parties to engage in counterspeech. (5) Government might engage in informal communication with such parties, encouraging them to help." However, the authors advocate that each "instrument has a distinctive set of potential effects, or costs and benefits, and each will have a place under imaginable conditions. However, our main policy idea is that government should engage in cognitive infiltration of the groups that produce conspiracy theories, which involves a mix of (3), (4) and (5).""
The Agenda 21 and NAU (North American Union) supporter (which means this guy is all about the NWO) now oversees the NSA and has all the blessings of the white house. I keep telling you the markets are immaterial and and are little more than a distraction to reality. What's important is where we are headed not where we are, and where we're going under this current administration makes current "conspiracy theories" read like a lovely fairy tale.
We're close to having our Reichstag event here in the US. Just know what it is when it happens. I've been talking about this for years, and it now appears they are finally ready for the event. Y'all really need to wake up to what's going down before it is too late.
Markets now wait on September and the taper. The markets remain in a position of denial that the liquidity train will be leaving the station. Retail has no clue of what this means while the institutions understand it all to well. Right now all there is to do is wait for them to pull the plug. Till then they will use plenty of Fed speak. lies and propaganda to keep hope in the markets alive as long as possible.
Minis 60m - Rising wedge that lost support with a pretty strong negative divergence on MACD below. Price made it thru the STB 1652 resistance area but has not run to the upside which indicated the BTFD bulltards have lost a lot of their mojo. 1673 area is next resistance point.
More to come below.
Have a good day
GL and GB
Cass Sunstein, just know that the man (another Chicago crony) Obummer just appointed to sit on the NSA oversight panel wrote this,
"The authors declare that there are five responses a government can take toward conspiracy theories: "We can readily imagine a series of possible responses. (1) Government might ban conspiracy theorizing. (2) Government might impose some kind of tax, financial or otherwise, on those who disseminate such theories. (3) Government might itself engage in counterspeech, marshaling arguments to discredit conspiracy theories. (4) Government might formally hire credible private parties to engage in counterspeech. (5) Government might engage in informal communication with such parties, encouraging them to help." However, the authors advocate that each "instrument has a distinctive set of potential effects, or costs and benefits, and each will have a place under imaginable conditions. However, our main policy idea is that government should engage in cognitive infiltration of the groups that produce conspiracy theories, which involves a mix of (3), (4) and (5).""
The Agenda 21 and NAU (North American Union) supporter (which means this guy is all about the NWO) now oversees the NSA and has all the blessings of the white house. I keep telling you the markets are immaterial and and are little more than a distraction to reality. What's important is where we are headed not where we are, and where we're going under this current administration makes current "conspiracy theories" read like a lovely fairy tale.
We're close to having our Reichstag event here in the US. Just know what it is when it happens. I've been talking about this for years, and it now appears they are finally ready for the event. Y'all really need to wake up to what's going down before it is too late.
Markets now wait on September and the taper. The markets remain in a position of denial that the liquidity train will be leaving the station. Retail has no clue of what this means while the institutions understand it all to well. Right now all there is to do is wait for them to pull the plug. Till then they will use plenty of Fed speak. lies and propaganda to keep hope in the markets alive as long as possible.
Minis 60m - Rising wedge that lost support with a pretty strong negative divergence on MACD below. Price made it thru the STB 1652 resistance area but has not run to the upside which indicated the BTFD bulltards have lost a lot of their mojo. 1673 area is next resistance point.
More to come below.
Have a good day
GL and GB
Friday, August 23, 2013
Open Weekend Post 08/24-25/13
You know the drill, share the love and knowledge.
Teetering on the edge for real this time. What a week. I believe we've gotten a good dose of unintended transparency as their game has so few options left the options are severely limited now.
I'll post some charts if I find anything interesting.
I thought this was hilarious - enjoy -
Enjoy the weekend.
GL and GB!
Teetering on the edge for real this time. What a week. I believe we've gotten a good dose of unintended transparency as their game has so few options left the options are severely limited now.
I'll post some charts if I find anything interesting.
I thought this was hilarious - enjoy -
Enjoy the weekend.
GL and GB!
Morning Charts 08/23/13 SPX /ES
I'm kinda Fed up today with everything. It's been a long week. I don't think any of you need a rehashing of this week's multiple electronic "issues", further NSA revelations, more blatant data manipulation, taper On, bond yields exploding, Syria rising, escalating MENA unrest, Fukushima and many more topics all more dire and telling than the next.
At this point it's pretty obvious that they are setting up their end game scenarios to cover for the failed economic policies of the past few decades (especially the last 6 years). I'd say it would be a safe bet to expect a few more false flags around the globe (including domestic) in the near future. The tide is changing. Flow is getting ready to go OUT after a perpetual IN for so many years thanks to corruption and manipulation.
I've always asked which would come first, the crash or the war. They are running neck and neck right now. I've pretty much always speculated the crash would lead the war. I'm not sure it really matters at this point since both are virtually guaranteed and the outcome of both is fairly obvious. Get ready folks, we're heading downhill fast right now.
Minis 60m - Pretty simple, yesterday I said above 1652 and bully will have the ball back. Well that area is holding keeping us all guessing. I still really would like to see the lower red (not pictured) major support line hit before we get into any sort of reversal. That is near 1613 now. Maybe enough is enough and they pop it some from here. If so, I'll throw out some targets. There may be a larger blue channel down here, but I still contend the market is formless and confused which I've been speaking of for a while now. The actions surrounding the NAS closure and GS trades indicate to me that my readings were pretty much spot on.
The weekly Pele Report says, "it is a very important and powerful time for change and the aspects for this weekend are phenomenal." We have a grand cross formation this weekend. Those of you that have been following Tom know that he's been very spot on with his readings. Take a look at this. At 11:50 he zigs and goes with love and such and new paradigm when he should stay the course with tradition. Listen and be blown away.
More to come below. Thanks to everyone for a really awesome week in the commentary section. Y'all have rocked it and are all contributing with some incredible spot on information.
Enjoy the weekend.
GL and GB!
At this point it's pretty obvious that they are setting up their end game scenarios to cover for the failed economic policies of the past few decades (especially the last 6 years). I'd say it would be a safe bet to expect a few more false flags around the globe (including domestic) in the near future. The tide is changing. Flow is getting ready to go OUT after a perpetual IN for so many years thanks to corruption and manipulation.
I've always asked which would come first, the crash or the war. They are running neck and neck right now. I've pretty much always speculated the crash would lead the war. I'm not sure it really matters at this point since both are virtually guaranteed and the outcome of both is fairly obvious. Get ready folks, we're heading downhill fast right now.
Minis 60m - Pretty simple, yesterday I said above 1652 and bully will have the ball back. Well that area is holding keeping us all guessing. I still really would like to see the lower red (not pictured) major support line hit before we get into any sort of reversal. That is near 1613 now. Maybe enough is enough and they pop it some from here. If so, I'll throw out some targets. There may be a larger blue channel down here, but I still contend the market is formless and confused which I've been speaking of for a while now. The actions surrounding the NAS closure and GS trades indicate to me that my readings were pretty much spot on.
The weekly Pele Report says, "it is a very important and powerful time for change and the aspects for this weekend are phenomenal." We have a grand cross formation this weekend. Those of you that have been following Tom know that he's been very spot on with his readings. Take a look at this. At 11:50 he zigs and goes with love and such and new paradigm when he should stay the course with tradition. Listen and be blown away.
More to come below. Thanks to everyone for a really awesome week in the commentary section. Y'all have rocked it and are all contributing with some incredible spot on information.
Enjoy the weekend.
GL and GB!
Thursday, August 22, 2013
Can You See The Real Me? Morning Charts 08/22/13 SPX /ES
OK, I'm really disturbed about this B/C Manning issue, but I'm not gonna go into any detail on that. What I would like to correlate from this bizarre development is how I believe it encapsulates the New American Matrix. How I think this perfectly frames reality and the 180 degree spin we're fed between what is and what's not real.
Let's start with, "Hi, my former name was America or the USA, and now I would like to be called AmeriKa with a K or the USSA. I was once a freedom loving country with lots of great qualities. I excelled at leadership and my ideals were above reproach. I once exhibited the true elegance of liberty and moral compass. I was once a land where dreams, if one wanted to work hard and excel, could come true."
"Well, sorry bout all that. My bad, but now I'm a liberal bastion of weak, mindless, self centered, self serving, entitled, soul less, God less sheeple that believe everything should be handed to them on a platter. Hard work and morality are being replaced with entitlements and blank promises from bought and paid for politicians. Morals and ethics are being replaced by the new ME FIRST system. Hard work is for illegal immigrants that we'll gladly let flow into the country to take all the jobs so they can support their families in other countries (just so they vote Democrat - legally or not)."
"What used to be 'by the people for the people' is now replaced with 'by the government for the government'. What used to be rights are now wrongs. Laws that used to protect the people now protect the government. The people that used to work to serve and better themselves are now debt serfs to the state. So comrades, please accept me as my new self. Refer to me by my new name in all but official documents. I am sorry if this is a surprise to most of you, but this is the real me. Thanks for understanding." Can you see the real me?
On to the lie -
It's all about Jackson Hole and the 10y now. On the periphery you have the global situation that will come back into focus next week. There is a real chance for something financially or politically to blow up this weekend. It's all really coming together now with the tightening and the FF gas attacks. We're really close to the worst going down. Those looking to the new moon on September 05, this may be a better countdown than the Mayan Apocalypse.
I'm not sure markets can ignore (pump enough fake fiat liquidity) to combat a move above 2.9% in the 10y. I'm not sure how all four wheels and both axles are not off the car right now honestly. It is what it is. For now I'm folding my 1610 area/red support diagonal for this move, BUT I am starting to look a lot lower for targets. Now, this does not mean that there can't or won't be one last great bull trap. I warned about great volatility coming and we're in the midst of it now. This is a topping process. This is the convulsions brought on by change (not to be confused with B/C or the USSA discussed above).
SPX Daily - See the green areas? If this is truly going to be a meaningful correction or if the big one is beginning, then those are the targets.
Minis 4hr - Still formless and looking for some sort of stability, price may have taken out near term diagonal (gray) resistance. There is still too much pressure on price from the bond market and resistance levels have been formed that could be formidable. Add to that "they" don't have the juice anymore that it takes to do the heavy lifting at these levels. Alas, put nothing past team manipulation. When they are in total control anything is possible. We are overdue for a retracement of some sort. Anything above 1652 and I'd say bully has the ball back. I still want the 1610 area and my lower red diagonal support.
More charts and such to come below.
Have a good day.
GL and GB!
Let's start with, "Hi, my former name was America or the USA, and now I would like to be called AmeriKa with a K or the USSA. I was once a freedom loving country with lots of great qualities. I excelled at leadership and my ideals were above reproach. I once exhibited the true elegance of liberty and moral compass. I was once a land where dreams, if one wanted to work hard and excel, could come true."
"Well, sorry bout all that. My bad, but now I'm a liberal bastion of weak, mindless, self centered, self serving, entitled, soul less, God less sheeple that believe everything should be handed to them on a platter. Hard work and morality are being replaced with entitlements and blank promises from bought and paid for politicians. Morals and ethics are being replaced by the new ME FIRST system. Hard work is for illegal immigrants that we'll gladly let flow into the country to take all the jobs so they can support their families in other countries (just so they vote Democrat - legally or not)."
"What used to be 'by the people for the people' is now replaced with 'by the government for the government'. What used to be rights are now wrongs. Laws that used to protect the people now protect the government. The people that used to work to serve and better themselves are now debt serfs to the state. So comrades, please accept me as my new self. Refer to me by my new name in all but official documents. I am sorry if this is a surprise to most of you, but this is the real me. Thanks for understanding." Can you see the real me?
On to the lie -
It's all about Jackson Hole and the 10y now. On the periphery you have the global situation that will come back into focus next week. There is a real chance for something financially or politically to blow up this weekend. It's all really coming together now with the tightening and the FF gas attacks. We're really close to the worst going down. Those looking to the new moon on September 05, this may be a better countdown than the Mayan Apocalypse.
I'm not sure markets can ignore (pump enough fake fiat liquidity) to combat a move above 2.9% in the 10y. I'm not sure how all four wheels and both axles are not off the car right now honestly. It is what it is. For now I'm folding my 1610 area/red support diagonal for this move, BUT I am starting to look a lot lower for targets. Now, this does not mean that there can't or won't be one last great bull trap. I warned about great volatility coming and we're in the midst of it now. This is a topping process. This is the convulsions brought on by change (not to be confused with B/C or the USSA discussed above).
SPX Daily - See the green areas? If this is truly going to be a meaningful correction or if the big one is beginning, then those are the targets.
Minis 4hr - Still formless and looking for some sort of stability, price may have taken out near term diagonal (gray) resistance. There is still too much pressure on price from the bond market and resistance levels have been formed that could be formidable. Add to that "they" don't have the juice anymore that it takes to do the heavy lifting at these levels. Alas, put nothing past team manipulation. When they are in total control anything is possible. We are overdue for a retracement of some sort. Anything above 1652 and I'd say bully has the ball back. I still want the 1610 area and my lower red diagonal support.
More charts and such to come below.
Have a good day.
GL and GB!
Wednesday, August 21, 2013
Morning Charts 08/21/13 SPX /ex
Reminds me of the Jackson Hole from 2010 when they promised to ease later which bought them time (till November official announcement) to get free market lift. Coming off the first QE /off fall they needed to do something. Bernanke, still a rookie at this easing game, needed some time to get comfortable with just how fast his printing presses could run.
This easing stuff was expensive then, and he had figured out that being the last resort of liquidity gave him immense amounts of power over, well, everything. So, at Jackson Hole he basically promised to ease a few months later which allowed the Fed to go almost POMO free for a few months while the markets lifted knowing the Bernanke put was guaranteed to come.
This was back at a time the traders were still getting comfortable with QE and all this conspiracy stuff about markets being rigged and such. It was also a time when market calling was still somewhat meaningful as the markets were young in the transition from a random walk to being on a tight leash.
For the newer readers to STB, this was also the time of one of my best calls. Upon the Jackson Hole announcement in August STB called for a lift to November, a sell the news event on the announcement and then a screaming POMO driven market into Christmas and into the new year. Bingo! How was I able to call the market 4 to 6 months out with such accuracy? Follow the Fed, that is where my mantra began and I still follow it today.
However, today is a bit different. The rookie is now a retiring seasoned veteran. He's taken market manipulation from a theory and worked it to perfection. Hell, we're at a point now that even when GS screws up hundreds of millions of trades in the morning they get a free do over.
The changing of the guard at the Fed is not that big of a deal. Geitner? Does anyone really miss him or notice anything different without Turbo at the helm? Not really, and nor will they when helicopter Ben leaves. Just so the money keeps flowing is all that matters. A friggin monkey could runt his show. Just condition him to hit CTRL+P whenever he wants a banana.
So, as mentioned several times I think this taper ON is a fear tactic to be able to extend easing even at a time when everyone knows it will eventually destroy everything. It better be, cause the other scenario is not one we want to face quite yet although it will eventually come (global meltdown and wars everywhere). Remember the Paulson blackmail to get TARP. I think that's where we're headed IF this is not the end right here.
Remember, this is my best case scenario. No one is about to get in front of the greed train. They will fight for their system to survive like a mother lion for her cub, to the death. Well, death may be a better place to be other than the living hell we're all gonna face when this thing finally cracks or my "event" happens.
Follow the Fed folks if you choose to stay in this farce they call a market. You have no other option. If you choose to watch physical gold get more expensive and harder to find while supporting the banksters with your deposits that's up to you. They either kill it here with the Bernank stepping down or they get one last shot at easing. I promise you this, this will be their last shot, I don't think it lasts very long and when they have to come back to the table for moar and there is no moar left, that my friend is when they confiscate the retirement system.
Minis 4hr - is the 50dma now really resistance or are we just in stall mode waiting on the FOMC minutes and Jackson Hole? One thing is for sure is that global markets are not happy. We're about the only thing holding up right now. I guess its a damn good thing our markets are rigged better than all the rest.
Charts is busy and a bit hard to read, but I have to back it out to show the support (since there is none near price right now). I'm still leaning on my second target 1610 red diagonal support area at this time as the bogey.
More to come below.
Have a good day
GL and GB!
This easing stuff was expensive then, and he had figured out that being the last resort of liquidity gave him immense amounts of power over, well, everything. So, at Jackson Hole he basically promised to ease a few months later which allowed the Fed to go almost POMO free for a few months while the markets lifted knowing the Bernanke put was guaranteed to come.
This was back at a time the traders were still getting comfortable with QE and all this conspiracy stuff about markets being rigged and such. It was also a time when market calling was still somewhat meaningful as the markets were young in the transition from a random walk to being on a tight leash.
For the newer readers to STB, this was also the time of one of my best calls. Upon the Jackson Hole announcement in August STB called for a lift to November, a sell the news event on the announcement and then a screaming POMO driven market into Christmas and into the new year. Bingo! How was I able to call the market 4 to 6 months out with such accuracy? Follow the Fed, that is where my mantra began and I still follow it today.
However, today is a bit different. The rookie is now a retiring seasoned veteran. He's taken market manipulation from a theory and worked it to perfection. Hell, we're at a point now that even when GS screws up hundreds of millions of trades in the morning they get a free do over.
The changing of the guard at the Fed is not that big of a deal. Geitner? Does anyone really miss him or notice anything different without Turbo at the helm? Not really, and nor will they when helicopter Ben leaves. Just so the money keeps flowing is all that matters. A friggin monkey could runt his show. Just condition him to hit CTRL+P whenever he wants a banana.
So, as mentioned several times I think this taper ON is a fear tactic to be able to extend easing even at a time when everyone knows it will eventually destroy everything. It better be, cause the other scenario is not one we want to face quite yet although it will eventually come (global meltdown and wars everywhere). Remember the Paulson blackmail to get TARP. I think that's where we're headed IF this is not the end right here.
Remember, this is my best case scenario. No one is about to get in front of the greed train. They will fight for their system to survive like a mother lion for her cub, to the death. Well, death may be a better place to be other than the living hell we're all gonna face when this thing finally cracks or my "event" happens.
Follow the Fed folks if you choose to stay in this farce they call a market. You have no other option. If you choose to watch physical gold get more expensive and harder to find while supporting the banksters with your deposits that's up to you. They either kill it here with the Bernank stepping down or they get one last shot at easing. I promise you this, this will be their last shot, I don't think it lasts very long and when they have to come back to the table for moar and there is no moar left, that my friend is when they confiscate the retirement system.
Minis 4hr - is the 50dma now really resistance or are we just in stall mode waiting on the FOMC minutes and Jackson Hole? One thing is for sure is that global markets are not happy. We're about the only thing holding up right now. I guess its a damn good thing our markets are rigged better than all the rest.
Charts is busy and a bit hard to read, but I have to back it out to show the support (since there is none near price right now). I'm still leaning on my second target 1610 red diagonal support area at this time as the bogey.
More to come below.
Have a good day
GL and GB!
Tuesday, August 20, 2013
Morning Charts 08/20/13 SPX /ES
Never mind the markets, they could go to zero now and that's still nothing compared to the end result of the crash in global freedom and liberty. The revelations from Fast and Furious to Benghazi to Libya and Egypt all prove governments are now starting to run over not only individuals but nations as well.
It is well known that the NSA knows everything and, legal or not, will use your data against you, fair or not, if it so chooses. We have no recourse and little power left to defend ourselves from the growing global police state. Since 9/11 and the Patriot Act their power has grown and ours has been taken one presidential directive at a time.
Obummer fans and apologists can blame this on Bush, father Bush to be exact. That's how far back the modern conspiracy state runs. In yet another case of conspiracy theory becoming fact, it was just admitted that in 1953 the CIA "helped" overthrow the government of Iran, and if you think their global political interference ended there you need to think again.
Fast forward to today where the DHS, NSA, IRS and numerous other alphabet stasi groups rule the USA with an iron fist and ask yourself what happened? How did this nation become more representative of Nazi Germany than the USA?
And what got me off on this tangent this morning? It is a combination of things that have been building for months and recent instances. I never really got my rant on when the Snowden/NSA event went down, and now that President Transparency, the Captain of Freedom, The Liberator, Nobel Peace Prize recipient, fresh off denying and belittling the IRS/NSA/AP/Benghazi fiascos is now asking the Supreme Court to allow warrant-less cell phone searches on top of the detention of David Miranda yesterday, well, if it's not crystal clear that you have no rights then you need psychiatric help.
And, oh by the way, the FACT that we're supporting/fighting WITH Al-Qaeda in Syria, well, enough said there.
I suggest you read Biting Our Tongues Doesn’t Keep Us Safe … It Only INCREASES Danger In the Long Run by WB. "Niemöller wrote a brilliant poem – First They Came – about the manner in which Germans allowed Nazi abuses by failing to protest the abuse of “others” … first gypsies, gays, communists, and Jews, then Catholics … and eventually everyone."
I've told you for years now the markets are nothing more than a distraction to what's really going down. The game is being waged for power not wealth. The game is being waged for control of humanity. We're all little more than debt serf sand slaves to them at this point. Expendable assets would be a more than kind description.
It's time to start speaking out. As I said, the markets can get obliterated and that will be immaterial to having our freedoms obliterated. You need to wake up now and get a clue.
On to the lie -
The bond market, always first, has been telling us for close to a year this was coming. Markets are struggling with the taper on and bonds are starting to reflect reality as rates "normalize" (that's code/Fed speak for loss of control). Rising rates are the Achilles Heel of the "recovery" right now. Pandora's box has been opened and the real truth (as opposed to the propaganda BS they distort and spew forth) is being seen as rising rates begin to cripple everything financial and economically related.
In a little over a month, from the first warning of taper on, everything and most everyone is starting to run for cover. Remember Duck and Cover? Bert the Turtle warned what to do when you see that bright flash. Well, taper on is the flash that comes before the energy wave that's going to come through and wipe everything out.
Minis 4hr - The first target of the 50dma 1655 area was taken out. Now the HnS target in the 1645 area is being hit. The death cross on this 4hr chart is not a good omen. A move to just beyond the nearest 38% retracement and close to a 4% decline in price could be a point where this sell off may want a breather, but then again it may just be getting started. I've been speaking of price lacking form or recognizable patterns. When this happens, it is usually not a good thing.
I saw a 1500 target this morning from one analyst. I think that is getting a bit far ahead of things at this point but is not out of the discussion. I do believe worse is to come as my theory that another round of fear induced blackmail (starting with TARP) is coming soon.
Minis Daily - The red support diagonal near 1610 may be the most important point, and there I believe they will definitely make a stand. IF that breaks the markets will have lost all support off the November '11 lows. Below that is the pink channel support and then the two yellow diagonals that defined the multi-year rising wedge that got us to this point.
Let's see what happens near the 1600 round level before we start looking any further. I've been speaking of the tell tale volatility that surrounds major tops. This top may be set, but then again (remember LEH) the bulltards may have one last bull trap run left in them. Another thing to note is that when this thing does let go it will fall like never before, and the powers that be know this. They will let it go at some point, but only when they are ready.
If the 10yr remains in a free fall, we're just getting started. Remember CNBS told you weeks ago that the taper was priced in. They were so sure that all was well and that the taper would be market positive as the "recovery" was in full swing and taking the training wheels off was a good thing. Shuh, right.
More to come below. A shorter minis charts with closer targets will be below as well.
Have a good day,
GL and GB!
It is well known that the NSA knows everything and, legal or not, will use your data against you, fair or not, if it so chooses. We have no recourse and little power left to defend ourselves from the growing global police state. Since 9/11 and the Patriot Act their power has grown and ours has been taken one presidential directive at a time.
Obummer fans and apologists can blame this on Bush, father Bush to be exact. That's how far back the modern conspiracy state runs. In yet another case of conspiracy theory becoming fact, it was just admitted that in 1953 the CIA "helped" overthrow the government of Iran, and if you think their global political interference ended there you need to think again.
Fast forward to today where the DHS, NSA, IRS and numerous other alphabet stasi groups rule the USA with an iron fist and ask yourself what happened? How did this nation become more representative of Nazi Germany than the USA?
And what got me off on this tangent this morning? It is a combination of things that have been building for months and recent instances. I never really got my rant on when the Snowden/NSA event went down, and now that President Transparency, the Captain of Freedom, The Liberator, Nobel Peace Prize recipient, fresh off denying and belittling the IRS/NSA/AP/Benghazi fiascos is now asking the Supreme Court to allow warrant-less cell phone searches on top of the detention of David Miranda yesterday, well, if it's not crystal clear that you have no rights then you need psychiatric help.
And, oh by the way, the FACT that we're supporting/fighting WITH Al-Qaeda in Syria, well, enough said there.
I suggest you read Biting Our Tongues Doesn’t Keep Us Safe … It Only INCREASES Danger In the Long Run by WB. "Niemöller wrote a brilliant poem – First They Came – about the manner in which Germans allowed Nazi abuses by failing to protest the abuse of “others” … first gypsies, gays, communists, and Jews, then Catholics … and eventually everyone."
I've told you for years now the markets are nothing more than a distraction to what's really going down. The game is being waged for power not wealth. The game is being waged for control of humanity. We're all little more than debt serf sand slaves to them at this point. Expendable assets would be a more than kind description.
It's time to start speaking out. As I said, the markets can get obliterated and that will be immaterial to having our freedoms obliterated. You need to wake up now and get a clue.
On to the lie -
The bond market, always first, has been telling us for close to a year this was coming. Markets are struggling with the taper on and bonds are starting to reflect reality as rates "normalize" (that's code/Fed speak for loss of control). Rising rates are the Achilles Heel of the "recovery" right now. Pandora's box has been opened and the real truth (as opposed to the propaganda BS they distort and spew forth) is being seen as rising rates begin to cripple everything financial and economically related.
In a little over a month, from the first warning of taper on, everything and most everyone is starting to run for cover. Remember Duck and Cover? Bert the Turtle warned what to do when you see that bright flash. Well, taper on is the flash that comes before the energy wave that's going to come through and wipe everything out.
Minis 4hr - The first target of the 50dma 1655 area was taken out. Now the HnS target in the 1645 area is being hit. The death cross on this 4hr chart is not a good omen. A move to just beyond the nearest 38% retracement and close to a 4% decline in price could be a point where this sell off may want a breather, but then again it may just be getting started. I've been speaking of price lacking form or recognizable patterns. When this happens, it is usually not a good thing.
I saw a 1500 target this morning from one analyst. I think that is getting a bit far ahead of things at this point but is not out of the discussion. I do believe worse is to come as my theory that another round of fear induced blackmail (starting with TARP) is coming soon.
Minis Daily - The red support diagonal near 1610 may be the most important point, and there I believe they will definitely make a stand. IF that breaks the markets will have lost all support off the November '11 lows. Below that is the pink channel support and then the two yellow diagonals that defined the multi-year rising wedge that got us to this point.
Let's see what happens near the 1600 round level before we start looking any further. I've been speaking of the tell tale volatility that surrounds major tops. This top may be set, but then again (remember LEH) the bulltards may have one last bull trap run left in them. Another thing to note is that when this thing does let go it will fall like never before, and the powers that be know this. They will let it go at some point, but only when they are ready.
More to come below. A shorter minis charts with closer targets will be below as well.
Have a good day,
GL and GB!
Monday, August 19, 2013
Morning Charts 08/19/13 SPX /ES
Waiting game for the FOMC minutes Wednesday? All ears tuned to taper talk. There really is nothing else that matters at this point, cause the market manipulation can pretty much overcome most outside influence. MENA, Japan, EU, pick a crisis. Each crisis is one step from destroying the global economy and bring down the fractal financial farce.
Well, the 10 Year Bond Shakedown Continues: Rate Hits 2.873% which is causing quite the disturbance in the Force. After all, when there is only one buyer left, that's the buyer of last resort and that buyer is thinking of tapering. Now where exactly does that leave us?
When comparing the Fed's stance and the ignorance of the sheeple, all I can think of is the scene from Blazing Saddles when Sheriff Bart first comes to town. It won't be long till we are all fooled by more blatant Fed fakery. Bernanke will hold a figurative gun to his/our head and we'll all wonder what can we do to help. Funny part is the best thing for us all would be for him to pull the trigger and put us all out of this misery. He wont.
The strangest part to all of this end game hoopla that's going down is why, at this critical time when everything seems to be finally unraveling, is potus meeting with all the regulatory heads about the implementation of Dodd-Frank? Sounds like a smoke screen or backtracking for events that have come and gone (not to our knowledge as they have all been covered up), and he's gonna need an "I tried" to stop this moment.
And the fact that gold is finally starting to rear its shiny head fits really well as a beacon of truth where the MSM and the most transparent administration ever leaves you wanting. Gold Lending Rates Drop Further On Supply Concerns
along with other tell tale events at JPM, in India, China and other nations are raising serious red flags that the system is truly unraveling.
SPX Daily - The 50dma is the key here. Can they hold this point or even generate some sort of reversal into the HOPE of a non-taper event with the FOMC minutes Wednesday? I think it would be safe to assume the answer will be leaked beforehand and we'll be able to tell via market movements what the Fed will be announcing. If they can't gold here then 1620 to 1580 will be in play and in a hurry.
Minis 4hr - Form is breaking down here which is not good for those in control. Price is outside of several recent patterns and since its not discovering a new pattern at this time that is not the best sign for positive developments. Bully will like the chance of an underthrow of the falling pink wedge. Conversely the bears will like the breakdown of support and the fact that the wedge was not anywhere (2 inside points shy) near completion. The PPT did a masterful job last Friday containing the breakdown. If 1647 goes then 1620 to 1607 will be in the mix, and at that point we have to start looking further down as the 50dma will become resistance.
I think the market waits on the FOMC minutes Wednesday before making any serious moves. Of course their plans will be leaked and front running will occur, so look for it.
More to come below.
Have a good day.
GL and GB!
Well, the 10 Year Bond Shakedown Continues: Rate Hits 2.873% which is causing quite the disturbance in the Force. After all, when there is only one buyer left, that's the buyer of last resort and that buyer is thinking of tapering. Now where exactly does that leave us?
When comparing the Fed's stance and the ignorance of the sheeple, all I can think of is the scene from Blazing Saddles when Sheriff Bart first comes to town. It won't be long till we are all fooled by more blatant Fed fakery. Bernanke will hold a figurative gun to his/our head and we'll all wonder what can we do to help. Funny part is the best thing for us all would be for him to pull the trigger and put us all out of this misery. He wont.
The strangest part to all of this end game hoopla that's going down is why, at this critical time when everything seems to be finally unraveling, is potus meeting with all the regulatory heads about the implementation of Dodd-Frank? Sounds like a smoke screen or backtracking for events that have come and gone (not to our knowledge as they have all been covered up), and he's gonna need an "I tried" to stop this moment.
And the fact that gold is finally starting to rear its shiny head fits really well as a beacon of truth where the MSM and the most transparent administration ever leaves you wanting. Gold Lending Rates Drop Further On Supply Concerns
along with other tell tale events at JPM, in India, China and other nations are raising serious red flags that the system is truly unraveling.
SPX Daily - The 50dma is the key here. Can they hold this point or even generate some sort of reversal into the HOPE of a non-taper event with the FOMC minutes Wednesday? I think it would be safe to assume the answer will be leaked beforehand and we'll be able to tell via market movements what the Fed will be announcing. If they can't gold here then 1620 to 1580 will be in play and in a hurry.
Minis 4hr - Form is breaking down here which is not good for those in control. Price is outside of several recent patterns and since its not discovering a new pattern at this time that is not the best sign for positive developments. Bully will like the chance of an underthrow of the falling pink wedge. Conversely the bears will like the breakdown of support and the fact that the wedge was not anywhere (2 inside points shy) near completion. The PPT did a masterful job last Friday containing the breakdown. If 1647 goes then 1620 to 1607 will be in the mix, and at that point we have to start looking further down as the 50dma will become resistance.
I think the market waits on the FOMC minutes Wednesday before making any serious moves. Of course their plans will be leaked and front running will occur, so look for it.
More to come below.
Have a good day.
GL and GB!
Friday, August 16, 2013
Open Weekend Post 08/17-18/13
You know the drill, share the love and the knowledge.
Boy, I can't wait to see the bull/bear discussion this weekend and then see what they have in store for us Sunday night and at the open Monday AM. I'll have my popcorn ready.
Do we retrace? Do we crash? Is there enough POMO/slush funds to manage this mess anymore? Is it over or are we headed back up again on a taper OFF rumor? Will the 50dma give way? Is that their last bastion of hope or will it hold and Forward we march?
OMG so much shit going down and when something sensible and probable finally happens my brain turn to mush in disbelief! It can't happen here! AHHHHH I drank the Kool-Aide! Someone get me an antidote STAT! I actually considered BTFDing Thursday and Friday and got ZERO, ZILCH, NADA out of that whole slide, and I'm a bear!
Holy cow Batman! I need a brain transplant. Toooo .... much .... toooo... process. Must .... make .... sense...
And they close it at support after tinkering with an even more serious move south.
I'll do more charting this weekend and post what I find. Bottom line is the daily finally rolled over and shows a lot more weakness ahead.
Minis 4hr - Minis fell to just shy of the 50dma and the 38% retracement of the taper OFF climb. 38% back up from here gets us back p to 1687 and upper pink resistance. I'd personally like to see a backtest of peach, but not really. Falling from here is just fine with me as the taper OFF move could be considered that backtest. Formations are barely hanging on to their boundaries and things are close to getting a bit jumbled. That is never good as form provides direction and blazing new paths is not all that desirable (unless ur a bear of course).
Enjoy the weekend.
GL and GB!
Boy, I can't wait to see the bull/bear discussion this weekend and then see what they have in store for us Sunday night and at the open Monday AM. I'll have my popcorn ready.
Do we retrace? Do we crash? Is there enough POMO/slush funds to manage this mess anymore? Is it over or are we headed back up again on a taper OFF rumor? Will the 50dma give way? Is that their last bastion of hope or will it hold and Forward we march?
OMG so much shit going down and when something sensible and probable finally happens my brain turn to mush in disbelief! It can't happen here! AHHHHH I drank the Kool-Aide! Someone get me an antidote STAT! I actually considered BTFDing Thursday and Friday and got ZERO, ZILCH, NADA out of that whole slide, and I'm a bear!
Holy cow Batman! I need a brain transplant. Toooo .... much .... toooo... process. Must .... make .... sense...
And they close it at support after tinkering with an even more serious move south.
I'll do more charting this weekend and post what I find. Bottom line is the daily finally rolled over and shows a lot more weakness ahead.
Minis 4hr - Minis fell to just shy of the 50dma and the 38% retracement of the taper OFF climb. 38% back up from here gets us back p to 1687 and upper pink resistance. I'd personally like to see a backtest of peach, but not really. Falling from here is just fine with me as the taper OFF move could be considered that backtest. Formations are barely hanging on to their boundaries and things are close to getting a bit jumbled. That is never good as form provides direction and blazing new paths is not all that desirable (unless ur a bear of course).
Enjoy the weekend.
GL and GB!
Morning Charts 08/16/13 SPX /ES
Not much to say this AM. Either they are ready or not. It's all in their hands. It truly is as simple as that. They control the data and the liquidity. If they want this thing at 1600 or 1700, they could peg it on the number at the close today either way. You must remember that you are dealing with a market that is literally 100% controlled and manipulated.
So, they crash it when they are ready, or my "event" takes control from them. Either way, I'm not sure they can hang on much longer for many obvious reasons. There is so much speculation, and there are so many scenarios that can play out here. It has been proven to front run the Fed on the short side is a portfolio killer. Their MO has been to draw in and set up the shorts for slaughter providing free fuel in the form of short covering to lift the markets. You need to be wary of that here. Conversely the bulltards need now be aware of the bull traps that will come.
It has also been noted that they can not let the markets correct or their ability to control a descent could be lost. True capitulation (everyone heading for the gates at the same time) will occur. They can not let the heard mentality switch to the sell side. If this thing is going down, or if any significant correction is going to occur it should be managed or walked down in an orderly fashion not to cause panic or fear. Well, that's what they would like at least.
Patience STB readers. Let the play come to you. Right now with the blue channel breakdown on my /es minis chart I am in full warning mode. I mentioned yesterday that the 1655 50dma level would be a great first target on a breakdown. I also like the 1600 level as a solid topping point for a larger reversal if that does not come here. I did not expect them to make that 1655 target in an hour though. What that demonstrates is the serious lack of support this market has.
It also demonstrates the volatility that I have been discussing for a few months now that you can expect as this top forms. Do not think that for one second they can't take this thing to a higher high at any moment. In 2007 the market rallied for a few months and set a new high AFTER the LEH disaster. The bulltards are stupid and greedy. they will get slaughtered. That said, if this ting falls to 1600, do not think that the game is over and new highs can't be set.
Talking top, It could be set and it may not be. This is no normal market. Past tops were easy calls with technicals matching the end of a QE session. This time the charts are, have been and will continue to be ready right now for a major reversal. The problem this time is Fed speak and the guessing game they have us playing with taper ON/OFF. My biggest fear as a bear is that they taper on, let it crash, create fear and then blackmail us again (remember TARP?) and then come back with an even larger QE package.
I'll continue as I have for the past few years. Remain cautious, follow the Fed and scalp long and short with the momo NOT challenging their intentions and thinking something MUST happen when in reality the only things that will happen are what they want. Now, one day their game will come to an end and that day is coming closer. Till then, regardless if I miss the top or not (I may have), I'll focus on getting the trade right, protect my ass and check my brain and ego every morning at the door cause they only get in the way.
Minis 4hr - Peach is gone. 50dma is support. This is the bears best chance since the last "taper ON" event. I warned if the blue channel support broke it would get nasty and it did. Maybe that nastiness is not over yet. This chart has a possible pink falling wedge. The pink support diag has been on my charts for weeks, but I did not think is was going to stop this fall.
Minis daily - Chart is getting a bit busy again, but this is about as clean as I can get it. New possible pink rising channel is on the chart now. STB point right above near 1687. Another STB point possibility near 1625 in mid September. If this support and the 50dma crack then look to the red and green support near 1600, and it should happen quickly I would think.
Minis 60m - The positive divergences that were there yesterday got abused. This ting looks weak on many fronts. You can see the STB point above here on the right where the lines converge at 1687. Not saying it's gonna happen and now it looks doubtful, but you never know with this crowd.
SPX Monthly - want to know where I think we are headed? See that green box? OBTW this chart is nasty and shows very clearly the manipulation and exactly where they too the REAL top, threw it under the bus and began their period of severe greed and control.
More to come below. Thanks for another sensational week on the blog to all the readers and commenters. Y'all really rock it.
Enjoy the weekend.
GL and GB!
So, they crash it when they are ready, or my "event" takes control from them. Either way, I'm not sure they can hang on much longer for many obvious reasons. There is so much speculation, and there are so many scenarios that can play out here. It has been proven to front run the Fed on the short side is a portfolio killer. Their MO has been to draw in and set up the shorts for slaughter providing free fuel in the form of short covering to lift the markets. You need to be wary of that here. Conversely the bulltards need now be aware of the bull traps that will come.
It has also been noted that they can not let the markets correct or their ability to control a descent could be lost. True capitulation (everyone heading for the gates at the same time) will occur. They can not let the heard mentality switch to the sell side. If this thing is going down, or if any significant correction is going to occur it should be managed or walked down in an orderly fashion not to cause panic or fear. Well, that's what they would like at least.
Patience STB readers. Let the play come to you. Right now with the blue channel breakdown on my /es minis chart I am in full warning mode. I mentioned yesterday that the 1655 50dma level would be a great first target on a breakdown. I also like the 1600 level as a solid topping point for a larger reversal if that does not come here. I did not expect them to make that 1655 target in an hour though. What that demonstrates is the serious lack of support this market has.
It also demonstrates the volatility that I have been discussing for a few months now that you can expect as this top forms. Do not think that for one second they can't take this thing to a higher high at any moment. In 2007 the market rallied for a few months and set a new high AFTER the LEH disaster. The bulltards are stupid and greedy. they will get slaughtered. That said, if this ting falls to 1600, do not think that the game is over and new highs can't be set.
Talking top, It could be set and it may not be. This is no normal market. Past tops were easy calls with technicals matching the end of a QE session. This time the charts are, have been and will continue to be ready right now for a major reversal. The problem this time is Fed speak and the guessing game they have us playing with taper ON/OFF. My biggest fear as a bear is that they taper on, let it crash, create fear and then blackmail us again (remember TARP?) and then come back with an even larger QE package.
I'll continue as I have for the past few years. Remain cautious, follow the Fed and scalp long and short with the momo NOT challenging their intentions and thinking something MUST happen when in reality the only things that will happen are what they want. Now, one day their game will come to an end and that day is coming closer. Till then, regardless if I miss the top or not (I may have), I'll focus on getting the trade right, protect my ass and check my brain and ego every morning at the door cause they only get in the way.
Minis 4hr - Peach is gone. 50dma is support. This is the bears best chance since the last "taper ON" event. I warned if the blue channel support broke it would get nasty and it did. Maybe that nastiness is not over yet. This chart has a possible pink falling wedge. The pink support diag has been on my charts for weeks, but I did not think is was going to stop this fall.
Minis daily - Chart is getting a bit busy again, but this is about as clean as I can get it. New possible pink rising channel is on the chart now. STB point right above near 1687. Another STB point possibility near 1625 in mid September. If this support and the 50dma crack then look to the red and green support near 1600, and it should happen quickly I would think.
Minis 60m - The positive divergences that were there yesterday got abused. This ting looks weak on many fronts. You can see the STB point above here on the right where the lines converge at 1687. Not saying it's gonna happen and now it looks doubtful, but you never know with this crowd.
SPX Monthly - want to know where I think we are headed? See that green box? OBTW this chart is nasty and shows very clearly the manipulation and exactly where they too the REAL top, threw it under the bus and began their period of severe greed and control.
More to come below. Thanks for another sensational week on the blog to all the readers and commenters. Y'all really rock it.
Enjoy the weekend.
GL and GB!
Thursday, August 15, 2013
Morning Charts 08/15/13 SPX /ES
Almost, kinda like JPM's half a year without a single red traiding day, the miracles of what can go on behind Wall Street's closed doors can truly be amazing. These miracles can astound and amaze especially in this economic environment. You need a CPI or PMI beat or miss? How bout an employment pop before an election? Or how about freezing the debt of the country for nearly three months to the penny!
Treasury Ran $98 Billion Deficit in July--But Debt Stayed Exactly $16,699,396,000,000. "Since Lew sent that letter--announcing that he would use "extraordinary measures"--the debt has remained stuck at exactly $16,699,396,000,000 for 87 straight days. That includes all 31 days in July when Lew's Treasury says it was running a $98 billion deficit."
The funny thing, and in the end, no one will have been able to see the collapse coming. When they have manipulated every data point for half a decade, pumped trillions into the "recovery", and when they have stripped trillions from the middle class and funneled that to the elite, every financial and economic genius will have missed the soon to be end result. Just like the housing and tech bubbles, these extraordinary events, just can't be forecasted.
September is coming. It's that fiscal cliff time of year again when the budget must be discussed at least to give the appearance they give a flip. Yes, it's almost that time of year when budgetary reality tries to bite, and they just paper over any shortcomings and move Forward. I'm really not sure why this circus even comes to town anymore. How many years now with trillion dollar deficits and no budget?
Last night the minis finally took out peach support. It should be game on now for the bears. I'm not sure if a backtest will be in order, but it is something you must have in mind. Taper on/off is still a bitch, and the bears must remain wary of Fed speak. Let's take a journey thru my minis chart -
Minis 4hr - For the direction we're supposedly heading that blue channel support is going to have to give away. If things go as they appear, that massive support less area to 1600 (red support diagonal) is about to get filled. Other than support at 1646 and 23 there is nothing to stop the slide.
Minis daily - Backing things further out for your viewing pleasure. The 50dma is at 1655. That would be a good first target area for any breakdown and a point at which the bulls can still say they are in the game. Not pictured, but the 38% retracement off the November lows is all the way down at that first yellow diagonal (old rising wedge resistance) near 1566. That is something that must be considered as well if this ball gets to rolling downhill. Note: the apex of that old yellow rising wedge can happen in November or January depending on diagonal placement. I'll keep an eye on that as we roll along. Note the open gap below as well and the ultimate market support is the blue diagonal at the bottom.
Minis 60m - The reason I am showing this chart is twofold. One, there is a possible HnS breakdown that targets the 1640 area. Two, as I have been showing for weeks, "they" don't take kindly to market reversals and have zapped back some of the steeper losses almost as fast as they were taken away.
Minis 30m - Reversal of fortune? Funny, but for years it always appeared that some of the upper channel resistance diagonals would never be in play, but they always seemed to make it there with price. Now we have a seemingly impossible move to a lower channel support. This comes with a move thru MAJOR peach support after price consolidated. Trend change?
The rollover may be complete. The Fed may be throwing in the towel here well before Xmas and in line with the upcoming taper and budget debacle. Remember, CNBS has been telling you the taper was priced in and that all was well. Well, we'll see if that propaganda holds up or not.
More to come below.
Have a good day.
GL and GB!
Treasury Ran $98 Billion Deficit in July--But Debt Stayed Exactly $16,699,396,000,000. "Since Lew sent that letter--announcing that he would use "extraordinary measures"--the debt has remained stuck at exactly $16,699,396,000,000 for 87 straight days. That includes all 31 days in July when Lew's Treasury says it was running a $98 billion deficit."
The funny thing, and in the end, no one will have been able to see the collapse coming. When they have manipulated every data point for half a decade, pumped trillions into the "recovery", and when they have stripped trillions from the middle class and funneled that to the elite, every financial and economic genius will have missed the soon to be end result. Just like the housing and tech bubbles, these extraordinary events, just can't be forecasted.
September is coming. It's that fiscal cliff time of year again when the budget must be discussed at least to give the appearance they give a flip. Yes, it's almost that time of year when budgetary reality tries to bite, and they just paper over any shortcomings and move Forward. I'm really not sure why this circus even comes to town anymore. How many years now with trillion dollar deficits and no budget?
Last night the minis finally took out peach support. It should be game on now for the bears. I'm not sure if a backtest will be in order, but it is something you must have in mind. Taper on/off is still a bitch, and the bears must remain wary of Fed speak. Let's take a journey thru my minis chart -
Minis 4hr - For the direction we're supposedly heading that blue channel support is going to have to give away. If things go as they appear, that massive support less area to 1600 (red support diagonal) is about to get filled. Other than support at 1646 and 23 there is nothing to stop the slide.
Minis daily - Backing things further out for your viewing pleasure. The 50dma is at 1655. That would be a good first target area for any breakdown and a point at which the bulls can still say they are in the game. Not pictured, but the 38% retracement off the November lows is all the way down at that first yellow diagonal (old rising wedge resistance) near 1566. That is something that must be considered as well if this ball gets to rolling downhill. Note: the apex of that old yellow rising wedge can happen in November or January depending on diagonal placement. I'll keep an eye on that as we roll along. Note the open gap below as well and the ultimate market support is the blue diagonal at the bottom.
Minis 60m - The reason I am showing this chart is twofold. One, there is a possible HnS breakdown that targets the 1640 area. Two, as I have been showing for weeks, "they" don't take kindly to market reversals and have zapped back some of the steeper losses almost as fast as they were taken away.
Minis 30m - Reversal of fortune? Funny, but for years it always appeared that some of the upper channel resistance diagonals would never be in play, but they always seemed to make it there with price. Now we have a seemingly impossible move to a lower channel support. This comes with a move thru MAJOR peach support after price consolidated. Trend change?
The rollover may be complete. The Fed may be throwing in the towel here well before Xmas and in line with the upcoming taper and budget debacle. Remember, CNBS has been telling you the taper was priced in and that all was well. Well, we'll see if that propaganda holds up or not.
More to come below.
Have a good day.
GL and GB!
Wednesday, August 14, 2013
Morning Charts 08/14/13 SPX /ES
Since the taper is coming I thought I would let you (on your own) do some simple math based on the below two quotes from ZH,
"So, thanks to the US Treasury, we know that between January 2009 and April 2013, on days in which the Fed POMO was more than $5 billion, the stock market rose a total of 570 points, on days in which the POMO was less than $5 billion, the cumulative stock market gain was "only" 141 points, and when there was no POMO, the S&P gained... -51 points." from US Treasury Finally Admits The Truth: It's All POMO
"Simply put, the higher margin debt levels rise, the more fragile the underlying basis on which prices trade; with even a less severe sell-off in equities capable of triggering a collapse." from Deutsche Bank Hopes "Not All Margin Calls Come At Once In Case Of A Sell-Off"
Minis 60m - Now let's look at the cliff the minis sit on with the potential STB point just in front (where 1687, white, peach and blue diags converge).
More to come below. Could be a dull two days ahead, but if things work out right late Thursday or Friday could bring some fireworks if the Fed allows it.
Have a good day.
GL and GB!
"So, thanks to the US Treasury, we know that between January 2009 and April 2013, on days in which the Fed POMO was more than $5 billion, the stock market rose a total of 570 points, on days in which the POMO was less than $5 billion, the cumulative stock market gain was "only" 141 points, and when there was no POMO, the S&P gained... -51 points." from US Treasury Finally Admits The Truth: It's All POMO
"Simply put, the higher margin debt levels rise, the more fragile the underlying basis on which prices trade; with even a less severe sell-off in equities capable of triggering a collapse." from Deutsche Bank Hopes "Not All Margin Calls Come At Once In Case Of A Sell-Off"
Minis 60m - Now let's look at the cliff the minis sit on with the potential STB point just in front (where 1687, white, peach and blue diags converge).
More to come below. Could be a dull two days ahead, but if things work out right late Thursday or Friday could bring some fireworks if the Fed allows it.
Have a good day.
GL and GB!
Tuesday, August 13, 2013
Morning Charts 08/13/13 SPX /ES
How the markets are hanging on is a bit beyond rational comprehension. Overbought, large negative divergences and the threat of taper on all add up to a major natural disaster type environment. However, someone or something is stubbornly keeping price elevated and above the last lines of critical support (for now).
Minis 4hr - This is the extreme volatility associated with major tops I started speaking about a few months ago. Interestingly, the look of a major rollover in price now is quite apparent. That does not mean this is the top by any means, but if that peach support diagonal fails the red and green supports near 1600 will be the next stop.
Minis 30m - The rollover channel down into peach major support. Three strong/must hold points here - 1687 s/r, white channel support (1684) and peach channel support (1678). There is also a s/r point at 1674, but I'm not sure that one will have any meaning if peach gets breached.
SPX Daily - A longer look at the run to the top and just how severe the divergences are. I show on the other daily chart where 10 negative divergences and 8 reversal candles have occurred without this puppy rolling over to any meaningful degree. TNX is thru the roof and the dollar has gotten crushed. Gold is reacting like something real is going down. They can't dodge bullets forever. This chart points to the 1600 support area as well, but is also says a more serious move could have us sub 1500 very quickly.
Lot's going on now folks. The game is moving faster and the disinformation is screaming. From global economics and finance to unrest and war, the world is set to collapse at literally any moment. No, I'm not being sarcastic or kidding around. We're one wrong step from financial devastation and a nuclear war all at the same time. The good news is at least the nuclear war can be averted, but as for financial Armageddon, that will be a certainty as some point.
As usual more to come below. All we can do is wait and watch the paint dry on the wall. Up, down, there is not telling, the market will go where they want it to till they are ready for it to turn or lose control. Be patient, have dry powder and expect that every morning that you wake up a LLD situation could be there to greet you.
Have a good day.
GL and GB!
Minis 4hr - This is the extreme volatility associated with major tops I started speaking about a few months ago. Interestingly, the look of a major rollover in price now is quite apparent. That does not mean this is the top by any means, but if that peach support diagonal fails the red and green supports near 1600 will be the next stop.
Minis 30m - The rollover channel down into peach major support. Three strong/must hold points here - 1687 s/r, white channel support (1684) and peach channel support (1678). There is also a s/r point at 1674, but I'm not sure that one will have any meaning if peach gets breached.
SPX Daily - A longer look at the run to the top and just how severe the divergences are. I show on the other daily chart where 10 negative divergences and 8 reversal candles have occurred without this puppy rolling over to any meaningful degree. TNX is thru the roof and the dollar has gotten crushed. Gold is reacting like something real is going down. They can't dodge bullets forever. This chart points to the 1600 support area as well, but is also says a more serious move could have us sub 1500 very quickly.
Lot's going on now folks. The game is moving faster and the disinformation is screaming. From global economics and finance to unrest and war, the world is set to collapse at literally any moment. No, I'm not being sarcastic or kidding around. We're one wrong step from financial devastation and a nuclear war all at the same time. The good news is at least the nuclear war can be averted, but as for financial Armageddon, that will be a certainty as some point.
As usual more to come below. All we can do is wait and watch the paint dry on the wall. Up, down, there is not telling, the market will go where they want it to till they are ready for it to turn or lose control. Be patient, have dry powder and expect that every morning that you wake up a LLD situation could be there to greet you.
Have a good day.
GL and GB!
Monday, August 12, 2013
Morning Charts 08/12/13 SPX /ES
I think right now we have to pay closer attention to the alternative media more than ever to find the truth. There is a lot going on we're not hearing about, and when they get quiet you know something is up. Budget, taper, Fukushima, Syria (MENA) - the list of nightmares is really, really long right now.
The charts are more than ready. They are poised for a major turn. All that is left is for the Fed to let go. Heck, they are even telling us they are going to let go, and this SOB just sits up here hoping that won't happen. Poor retail. They wait and hold on thinking they got it all and this will never end. They want moar of everything and are blind to the consequences.
Minis 60m - Peach breach? Critical first level support has been hit. White channel and 1687 support are busted for now. Possible HnS with breakdown in there worth near 30 points. Looks like bears avoided the RS breakout this time. Drifting farther from 1700 is not good either. This is a must or ...
Minis 4hr - there is a massive hole all the way down to 1600 before you get to the next major support.
That's kinda how it is supposed to happen at these major tops. 1600 one week and 1700 a few weeks later and then back again for a few more round trips as the top sorts its self out. Volatility arises as the bulls and bears start to mount extremes.
I'm almost sure I'll be calling a top very soon. I don't see the next QE able to set a higher high if there is one, and if there isn't it's game over. I'm leaning there will be one more QE and one last crash after that at which point they then go for retirement plan confiscation.
It is a frustrating and difficult market to call. You are playing a game that is manipulated from the top in every aspect. All you can do is wait and see how much pain they are willing to take before they come to the rescue or IF they come to the rescue one last time.
Have a good day.
GL and GB!
The charts are more than ready. They are poised for a major turn. All that is left is for the Fed to let go. Heck, they are even telling us they are going to let go, and this SOB just sits up here hoping that won't happen. Poor retail. They wait and hold on thinking they got it all and this will never end. They want moar of everything and are blind to the consequences.
Minis 60m - Peach breach? Critical first level support has been hit. White channel and 1687 support are busted for now. Possible HnS with breakdown in there worth near 30 points. Looks like bears avoided the RS breakout this time. Drifting farther from 1700 is not good either. This is a must or ...
Minis 4hr - there is a massive hole all the way down to 1600 before you get to the next major support.
That's kinda how it is supposed to happen at these major tops. 1600 one week and 1700 a few weeks later and then back again for a few more round trips as the top sorts its self out. Volatility arises as the bulls and bears start to mount extremes.
I'm almost sure I'll be calling a top very soon. I don't see the next QE able to set a higher high if there is one, and if there isn't it's game over. I'm leaning there will be one more QE and one last crash after that at which point they then go for retirement plan confiscation.
It is a frustrating and difficult market to call. You are playing a game that is manipulated from the top in every aspect. All you can do is wait and see how much pain they are willing to take before they come to the rescue or IF they come to the rescue one last time.
Have a good day.
GL and GB!
Friday, August 9, 2013
Open Weekend Post 08/10-11/13
You know the drill, share the love and the knowledge.
Stalling pattern in the markets buying time so they can get as much out the back door as possible before the sun comes up. Even retail is leaving now, so the ship has been solely left to a over taxed Fed. Not sure ow much longer they can hang on. I'll update and post anything that I find interesting. Bottom line is this is now a simple waiting game till the Fed loses control.
Minis 60m -
Enjoy the weekend.
GL and GB.
Stalling pattern in the markets buying time so they can get as much out the back door as possible before the sun comes up. Even retail is leaving now, so the ship has been solely left to a over taxed Fed. Not sure ow much longer they can hang on. I'll update and post anything that I find interesting. Bottom line is this is now a simple waiting game till the Fed loses control.
Minis 60m -
Enjoy the weekend.
GL and GB.
Morning Charts 08/09/13 SPX /ES
Just a few charts this morning.
Minis 30m - This was from around noon yesterday, but nothing moved much after the Fed made the dramatic recovery. After holding 1687 they brought it back to 1695 and magically shut it down for the day. 87, 83 and 75 are the numbers below to watch closely.
10yr - What's happening behind the scenes is raw panic and lots of chaos.
And the dollar is getting beat like a pinata, but it has found triple support here. I'm not sure if they want it much lower than this level.
The wild card you'll feel in your wallet, oil. After the IHnS breakout upper market resistance was destroyed and is now in its second backtest. There is a chance they could bring it back to check the neckline breakout, but I'm not sure that's gonna happen.
And for the bulltards, I'll leave this simple warning chart. When Bullish Percent diverges against price (especially as in this extreme case), things tend to not end very well.
I'll be in this afternoon. please try and keep it civil till I get back in. Yesterday was a little closer to the edge than I prefer. Remember the rules and take a deep breath if need be.
Enjoy the Weekend.
GL and GB!
Minis 30m - This was from around noon yesterday, but nothing moved much after the Fed made the dramatic recovery. After holding 1687 they brought it back to 1695 and magically shut it down for the day. 87, 83 and 75 are the numbers below to watch closely.
10yr - What's happening behind the scenes is raw panic and lots of chaos.
And the dollar is getting beat like a pinata, but it has found triple support here. I'm not sure if they want it much lower than this level.
The wild card you'll feel in your wallet, oil. After the IHnS breakout upper market resistance was destroyed and is now in its second backtest. There is a chance they could bring it back to check the neckline breakout, but I'm not sure that's gonna happen.
And for the bulltards, I'll leave this simple warning chart. When Bullish Percent diverges against price (especially as in this extreme case), things tend to not end very well.
I'll be in this afternoon. please try and keep it civil till I get back in. Yesterday was a little closer to the edge than I prefer. Remember the rules and take a deep breath if need be.
Enjoy the Weekend.
GL and GB!
Thursday, August 8, 2013
Morning Charts 08/08/13 SPX /ES
I'm pretty much floored at this point by the markets as a whole. The corruption and manipulation are literally insane. I could do one of those Washington's Blog type poses and cite examples like here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, ...... but let's not. We all know what the heck is going on.
A very quick review would lead us to the simple fact that they are out of bullets. Their lead has run out and the market wants off its chain. Natural forces are finally starting to react to the Keynesian orgy. They have served two masters and now a feud is breaking out between equities and bonds. It seems there is not enough of the Fed to go around anymore.
Add to that minor debacle the global financial crisis, China, Japan, Fukushima, Snowden and the NSA, AP, Benghazi, Syria, Libya, Egypt, IRS, now DHS, and a plethora of other administrative failures (G-20) and you get a witches brew that's been boiling toil and trouble for some time now. Soon the pot runneth over, and when that happens the ghouls and goblins will be released.
There is nothing they can do at this point but spend moar and hold on for dear life. We're very near the end. They are setting up stage 2 of the crisis. This will be very different than the dramatic "recovery" as in this stage they must cover up their lies and failures. Think of your life as it is about to be thrown into a cat box. That's the best analogy I can draw at this point.
It's about to get fugly folks. Get your exit plans in place, and brush up on your survival skills. Once we roll over the top of the mountain, there is nothing but a cliff on the other side, and it is a long way down to the bottom.
Minis 4hr - Above is the long term blue resistance. This is the bull's best case scenario. Below is peach support then green and red support. If peach goes red becomes the critical line. You can see the upside rewards no longer outweigh the downside risks.
Minis 30m- The white channel with peach support creeping up more and more every day. Yesterday I discussed the backtest of the busted yellow support (as I always warn about and discuss backtests in either direction, cause you must know these things). I personally can't see how they can lift it beyond the backtest of yellow or the round number, but then again, it is their world and we only live in it.
I think we have less than 6 weeks left to this bull run in a bear market and then the SHTF.
More to come below.
Have a good day.
GL and GB!
A very quick review would lead us to the simple fact that they are out of bullets. Their lead has run out and the market wants off its chain. Natural forces are finally starting to react to the Keynesian orgy. They have served two masters and now a feud is breaking out between equities and bonds. It seems there is not enough of the Fed to go around anymore.
Add to that minor debacle the global financial crisis, China, Japan, Fukushima, Snowden and the NSA, AP, Benghazi, Syria, Libya, Egypt, IRS, now DHS, and a plethora of other administrative failures (G-20) and you get a witches brew that's been boiling toil and trouble for some time now. Soon the pot runneth over, and when that happens the ghouls and goblins will be released.
There is nothing they can do at this point but spend moar and hold on for dear life. We're very near the end. They are setting up stage 2 of the crisis. This will be very different than the dramatic "recovery" as in this stage they must cover up their lies and failures. Think of your life as it is about to be thrown into a cat box. That's the best analogy I can draw at this point.
It's about to get fugly folks. Get your exit plans in place, and brush up on your survival skills. Once we roll over the top of the mountain, there is nothing but a cliff on the other side, and it is a long way down to the bottom.
Minis 4hr - Above is the long term blue resistance. This is the bull's best case scenario. Below is peach support then green and red support. If peach goes red becomes the critical line. You can see the upside rewards no longer outweigh the downside risks.
Minis 30m- The white channel with peach support creeping up more and more every day. Yesterday I discussed the backtest of the busted yellow support (as I always warn about and discuss backtests in either direction, cause you must know these things). I personally can't see how they can lift it beyond the backtest of yellow or the round number, but then again, it is their world and we only live in it.
I think we have less than 6 weeks left to this bull run in a bear market and then the SHTF.
More to come below.
Have a good day.
GL and GB!
Wednesday, August 7, 2013
Morning Charts 08/07/13 SPX /ES
Let's just say that smoke and mirrors is no longer enough and they will need moar to keep this sea hag of a market afloat. It's pretty obvious to us all here at STB the game has come to an end and they are in the final throws of preparing for the end game. They have lost control of their system from various angles and it's time to transition the game to a new playing field.
SPX Daily - There is only one thing that could keep this set up from failing, and I'm pretty sure you all know who that is. That is just sick/nasty and in all rights should bring about a 15% move to the two 38% retracements between 1440 and 1470.
Minis 30m - Pretty much as expected. Price fell to yellow channel support, got support and then fell to 1687 support which is probably the last line in the sand before the critical peach support down at 1673.
I'm pretty sure I may pull the trigger on a top call here, but that's easier said than done. Their game is over and taper on will bring a pullback that I do not think can be overcome where the market will be brought back to these levels. They will try with one last round of blackmail and easing, but they won't get this level again.
More to come below.
Have a good day.
GL and GB!
SPX Daily - There is only one thing that could keep this set up from failing, and I'm pretty sure you all know who that is. That is just sick/nasty and in all rights should bring about a 15% move to the two 38% retracements between 1440 and 1470.
Minis 30m - Pretty much as expected. Price fell to yellow channel support, got support and then fell to 1687 support which is probably the last line in the sand before the critical peach support down at 1673.
I'm pretty sure I may pull the trigger on a top call here, but that's easier said than done. Their game is over and taper on will bring a pullback that I do not think can be overcome where the market will be brought back to these levels. They will try with one last round of blackmail and easing, but they won't get this level again.
More to come below.
Have a good day.
GL and GB!
Tuesday, August 6, 2013
Morning Charts 08/06/13 SPX /ES
New Moon Tuesday? Will we get fireworks tonight? Doubtful but should be something that is at least on our minds.
Apparently we've entered the baffle 'em with BS stage of this economic saga. The GDP revision is apparently going to screw with a lot of numbers causing more confusion than necessary. The record trade deficit plunge is probably the first best example of how the massaged data will change the economic landscape in their favor. Don't you know they changed every variable to make things look as rosy as possible regardless of the true conditions on the nation.
Don't let them fool you folks. We're still sliding down hill and picking up pace. The data manipulation will only make things worse in the end as you can only put so much lipstick on a pig. The light of truth will shine bright one day. Price action in the markets will reveal the real deal when liquidity is pulled, and panic will set in once again. Both bonds and stocks are primed to be the wake up call to all on this globe that the recovery was little more than a farce all along.
Add to that, TA is primed and ready for the turn.
Daily SPX - See that black vertical line on the chart? Everything to the right of that is nothing more than vapor. In reality every point off the 667 lows is fake, but above 1375, that's really nothing but hot air and when it gets released the support for the markets will vanish into thin air. A solid year of negative divergence turning into an overthrow/overbought situation on top of a market that is built on deception and lies is the worst nightmare scenario possible - and you're smack dab in the middle of it.
SPX 60m - If the above was not bad enough, let's look at the 60m chart. The past month internals have been weakening as the drive to destiny (1700) had to be made. I'll remind you - the left side of this chart is Taper ON - the right side is Taper OFF. We're just about into a situation when taper ON is going to apparently become a reality.
Minis 4hr - I'll reiterate, taper on then taper off. 1673 is your key number. Anything below that and the markets will be in real trouble. Till then it's gonna remain business as usual for the Fed.
Minis 30m - Yellow channel - 1695, 92 and then 87 are critical support up here as price hovers near the round number.
Can they taper before Christmas? Can they start a war before Christmas? If not can they do either in an election year? Boy are they in a pickle. Bottom line is it's all unraveling for them right now. They have lost control of the centralist, statist, elitist beast. Their best laid plans are imploding in their face, but alas they remain in control and will do whatever it takes to remain all powerful and consistently increase their power and wealth, and that's what should scare the hell out of you.
More charts and commentary to come below.
Have a good day.
GL and GB!
Apparently we've entered the baffle 'em with BS stage of this economic saga. The GDP revision is apparently going to screw with a lot of numbers causing more confusion than necessary. The record trade deficit plunge is probably the first best example of how the massaged data will change the economic landscape in their favor. Don't you know they changed every variable to make things look as rosy as possible regardless of the true conditions on the nation.
Don't let them fool you folks. We're still sliding down hill and picking up pace. The data manipulation will only make things worse in the end as you can only put so much lipstick on a pig. The light of truth will shine bright one day. Price action in the markets will reveal the real deal when liquidity is pulled, and panic will set in once again. Both bonds and stocks are primed to be the wake up call to all on this globe that the recovery was little more than a farce all along.
Add to that, TA is primed and ready for the turn.
Daily SPX - See that black vertical line on the chart? Everything to the right of that is nothing more than vapor. In reality every point off the 667 lows is fake, but above 1375, that's really nothing but hot air and when it gets released the support for the markets will vanish into thin air. A solid year of negative divergence turning into an overthrow/overbought situation on top of a market that is built on deception and lies is the worst nightmare scenario possible - and you're smack dab in the middle of it.
SPX 60m - If the above was not bad enough, let's look at the 60m chart. The past month internals have been weakening as the drive to destiny (1700) had to be made. I'll remind you - the left side of this chart is Taper ON - the right side is Taper OFF. We're just about into a situation when taper ON is going to apparently become a reality.
Minis 4hr - I'll reiterate, taper on then taper off. 1673 is your key number. Anything below that and the markets will be in real trouble. Till then it's gonna remain business as usual for the Fed.
Minis 30m - Yellow channel - 1695, 92 and then 87 are critical support up here as price hovers near the round number.
Can they taper before Christmas? Can they start a war before Christmas? If not can they do either in an election year? Boy are they in a pickle. Bottom line is it's all unraveling for them right now. They have lost control of the centralist, statist, elitist beast. Their best laid plans are imploding in their face, but alas they remain in control and will do whatever it takes to remain all powerful and consistently increase their power and wealth, and that's what should scare the hell out of you.
More charts and commentary to come below.
Have a good day.
GL and GB!
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