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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Tuesday, 15 October 2013

One option to bear in mind is the 7 day blow off (big fave of Jeff Cooper,based on Gann "death zone" cycle).We saw this when gold topped and when AAPL topped. If so we are on day 4 so top would be day 6 or 7 (Talking stock indices,specifically the S&P)
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6 comments:

  1. Anonymous15 October 2013 at 17:43

    REEs getting murdered - NOT good. MCP REE REMX W

    ReplyDelete
  2. Anonymous15 October 2013 at 19:39

    PM miners attempting breakout. JNUG PAAS. TZA weraing smiley face. W

    ReplyDelete
  3. Anonymous15 October 2013 at 19:43

    Kiss D blue 50 gbye http://scharts.co/1cpHEOo

    ReplyDelete
  4. Anonymous15 October 2013 at 22:36

    FWIW -- "Damn good question !!! Sun, 6 Oct 2013

    DID anyone besides me wonder how they got all those signs printed and distributed far and wide, including to all the national parks and cemeteries overseas only eight to ten hours after the government shut down? Take a look at this from someone who wanted to remain anonymous.

    I have worked in the government on and off for 40 years. During that time I became quite familiar with requisitions, bidding, awarding contracts etc. It is a time consuming process with bean-counters and pencil-necked bureaucrats every step of the way. The simplest request takes months not days or hours.

    In less than 8 hours of the shutdown, miraculously, professionally printed 3X4 foot signs appeared all over the country in the tens of thousands saying-“this [park, facility, etc. with custom logos] closed due to government shutdown. There has not been a government shutdown in 17 years. These signs were designed, specifications were determined, signs were then requisitioned, bids were posted and vetted, government contracts were awarded. The materials were then ordered and the signs manufactured then distributed U.S. Mails or freight companies.

    This shutdown was orchestrated and planned well in advance at least 6-8 months ago. Millions of tax dollars were appropriated and spent in this process.

    There is a paper trail a mile long leading directly to the White House."

    ReplyDelete
  5. Anonymous15 October 2013 at 22:56

    Bond market interest rate swaps broken - Interesting discussion: http://usawatchdog.com/systems-are-breaking-in-treasury-bond-market-dr-jim-willie/

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  6. Anonymous15 October 2013 at 23:40

    Follow-up Willie - 10Y yld up thru the 20dma with pinched BB. + momentum. If that baby blows, there's your first wave 3 down off the top of V - (C) - cycle B. http://scharts.co/19QbAol

    ReplyDelete

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