Morning Charts 10/08/2014 SPX /es

Spiraling out of control? I think that would be a fantastic way of describing our current situation. If not in the complete vertical dive yet, we're out of fuel, lost an engine and the control stick is coming lose from the plane (and a UFO caused complete power loss). 

Let's start/continue with the demise of our muslim/loser/idiot/race baiter/lier-in-chief - Panetta just hammered Obozo - like threw him so far under the bus that he may never come out the other side, 

"That is key in Washington. In order for presidents to succeed, they cannot just -- when they run into problems, step back and give up"

Yes, he went there and on MSNBC of all channels. It's one of those situations where O is on fire and no one will even piss on him to put him out. That's how deep we've lost our leadership. Of course, it is 100% deserved. He sucks. He lies. He cheats. He golfs. He does not do jack shit except screw everything up that he touches. He's not only spent more money than all the presidents combined before him, but he's screwed up more than all of them combined as well. Let's just leave it at that, cause I was just getting started. 

I think O's figuring out this is not a fake it till you make it situation. Well, either that or he's on a mission to destroy this country (which many can conclude as fact here, here, here and here). He's basically been reduced to a fund raising tool. He's so unpopular that with the most important election in years for the democraps, few is any of them want him anywhere near their campaigns. How bad is it, well when your "home state" drops plans to name a park in your honor, I don't think it can get any worse. 

How bout all that, markets falling and the second blood moon tonight! Nah, nothing biblical going down here. No worries, we're just going though a slight trouble stage. All is well, now go get a student loan and buy a car or two. 


And for good measure, just so you know that you are always being told the truth - another WB clasic "Examples of such evidence are this, and this, and this, and this, and this, and this, and this, and this, and this."

And ...... Reporter From Right-Leaning News Site Blocked From Attending Dem Rally With Michell Obama…


And ... I also suggest you read from WB - Beyond 935 Lies


And .... Try this one on for size - Denver Census Bureau Supervisors Says Unemployment Numbers Are Being Faked… 

"And this whistleblower — who asked that I not identify her — said her bosses in Denver ignored her warnings even after she provided details of wrongdoing by three different survey takers."

On to the lie - 

SPX Daily - At this rate, there will not be any positive divergences if they reach a double bottom to motivate a turn. 1920 things get interesting. 1903 asses start to munch chairs. 1886 sell stops kick in and it's all over. 

SPX Weekly - And how far do we have to fall? Well, for perspective, 1502 is the 38% retrace of the move off 667. After just having been at 2019, that's a long way down for a basic/fundamental market move. Hmmm, now if thy had only let it retrace normally on the way up .... oh, yeah, that's right, they couldn't let it. That market crash line I put on there a few years back may be pretty sporty if things play out from here. 

More to come below. 

Have a good day, 

GL and GB!