Tuesday, September 24, 2013

Morning Charts 09/24/13 SPX /ES

Denial - It's not a river in Egypt. It is the state that the global elites and serfdom find themselves in right now. The unconscious state where hope and change spring eternal, and the next recovery is always just around the corner. Never mind the fact that the globe is rotting, all will be well, no worries!

From ZH, "The Federal Reserve is recklessly printing money out of thin air, and in the short-term some positive things have come out of it.  But quantitative easing worked for the Weimar Republic for a little while too. " You see, "Of course these stock prices have nothing to do with economic reality at this point, but for the moment those that are making giant piles of cash on Wall Street don't really care."

Carpe Diem? I'm pretty sure that age old adage has been misplaced here, but is sounds awesome, so let's roll with it. AAPL is about to get ramped up again, so let's all jump on the bandwagon! Wait, or is it? Could it be that the marketing arm of Wall Street is just trying to suck in a few more muppets? Could they be taking a page from the government and are starting to skew the data just a bit?

Nothing is real and until reality rears its ugly head, those in power will continue in their deceitful ways. No one is about to go on the (literal) suicide mission and jump in front of this train. It's going to have to derail its self (which it will - think Wiemar).

SPX Daily - Ready is an understatement. It has been for years, but the new normal (rigged and manipulated markets controlled by robots with unlimited liquidity) still reigns. Right now this rising wedge looks primed for a move to 1600 critical support. It's what happens back down there is the big question. Will there be yet another short squeeze or will the system finally fail?

More to come below

Have a good day.

GL and GB!

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