Tuesday, August 19, 2014

$RUT:$NDX--Which chart below?

Which of the charts below give you any certainty that this current rise in major indexes is healthy?  2000 Russell divided by 100 NDX or 10 DMA put/call or 10 DMA Adv/Dec or 10 DMA hi/lo SPX?  This is not a rise--it's levitation, a miraculous transcendence out of the bowels of tepid technicals-a veritable insight into mass delusion.  The gods must be chuckling over this one as the slaves shout, "Higher, higher, higher!"  GL

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Why The Casino Is Dangerous: There Is Nothing Below | David Stockman's Contra Corner

 

Why The Casino Is Dangerous: There Is Nothing Below | David Stockman's Contra Corner

Friday, August 15, 2014

$INDU--Will sell off continue?

If my count is right, we are ending a little wave 2 counter rally now.  The next plunge down should be steeper than this morning.  Would like to see the DOW take out the low of 16,518.  That would go a long way to establish this downtrend.  GL

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14 Reasons Why The U.S. Economy’s Bubble Of False Prosperity May Be About To Burst

14 Reasons Why The U.S. Economy’s Bubble Of False Prosperity May Be About To Burst

Eurozone banks hold record amounts if sovereign paper | InvestmentWatch

 

Eurozone banks hold record amounts if sovereign paper | InvestmentWatch

CITI: We Are Heading Toward The Last Phase of Credit/Equity Cycle Where Stocks React To The Lack Of Available Credit By Collapsing… Soros’ Bet on a Market Crash – Biggest Ever! | InvestmentWatch

 

CITI: We Are Heading Toward The Last Phase of Credit/Equity Cycle Where Stocks React To The Lack Of Available Credit By Collapsing… Soros’ Bet on a Market Crash – Biggest Ever! | InvestmentWatch

Signs Of An Approaching Bear Market | Seeking Alpha

 

Signs Of An Approaching Bear Market | Seeking Alpha

Thursday, August 14, 2014

$NYHL--Panting Bull

This bull is panting so hard without breadth, it is about to foam at mouth.  The charts below tell the story.  Expect a reversal soon.  GL

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Linkfest Full Of Market And Economic Risks | Distressed Volatility

 

Linkfest Full Of Market And Economic Risks | Distressed Volatility

$INDU:$VIX--Rally over?

If my count is right, rally should today.  With all the bearish "noise", like Germany, the geopolitical, and the weak technical, wave 2 should now end and wave 3 down should begin.  We will see if the bears are up to it.  God knows they have some help with the economic motor of Europe sputtering with a blown gasket.  If NDX gets below Tuesday low (3887), wave 3 down has started.  GL

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