Thursday, April 30, 2009

updated $GOLD charts



A Primer on Exponential Growth

Those that don't believe the earth can be exhausted of resources, or damaged by pollutants,
should all see this video...(8 minutes long)

http://www.youtube.com/watch?v=hM1x4RljmnE

Be sure to share with the people you know.

It was produced by a mathematician, but it's very intuitive
and requires no math ability in order to be understood.

Capitalism, and life itself, seems to want to run this way.

Are Humans smarter than Yeast? The answer is not necessarily obvious.

Wednesday, April 29, 2009

$SPX charts...




So far, none of the second order node readings are in excess of .25 or so, which would suggest that the move up, is not over. Similar readings exist for both the $SPX and $NDX...Pullbacks may happen, but the uptrend should be characterized as 'young' yet...

$NDX charts...




Almost boring... grinding steadily upward...

Saturday, April 25, 2009

The End of Bailouts?

Perhaps you've heard about the strong arming of Bank of America's CEO, Andrew Cuomo, by Ben Bernanke and Paulson over the purchase of Merrill Lynch. These revelations could have serious repercussions, as lawsuits will probably be filed over this. If that happens (and I think it will) it will put all of the other past and present Fed behaviour into a harsh spotlight. Under that scrutiny, future bailouts, which are mostly illegal acts on the part of the FED and the Treasury, anyway, will be much more difficult to do, and that will spell the absolute end for the zombie banks. That moment of reckoning could happen as early as this summer, so with the automakers failing, another tsunami of foreclosures in housing and commercial real estate, and in all probability, the functional failure of most of the biggest banks as well, I think we're going towards the moment when people should have spare cash handy and maybe some canned goods. No kidding.

This could correspond pretty well with the end of the current rally, which means we would start either wave 'C' or '3' down. Both being grim events.

It's only the phony hope of continual, unsustainable bailouts that has kept this financial Titanic (or Ponzi scheme, if you prefer) called the U.S.A., afloat. The end of bailouts means the end of any way to prop this house of cards up further, so expect general and widespread breakdown of most of our systems....I wish it were otherwise...

By the way, go over to Karl Denninger's site, I have it in my links area as Market-ticker.denninger, and look at his recent posting called 'Again: Government Lawlessness'. It's very good.

$SPX charts



$NDX charts





The red trendline has been penetrated (bottom chart), a pullback makes sense here based on that,
but no nodes have been reached, even on the secondary trendlines, so any pullback should be mild...

Monday, April 20, 2009

USO revisited...




Another 1.00 node is being approached (bottom chart)...We'll see if oil finds a true bottom there...

Friday, April 10, 2009

$SPX charts...





I'm expecting the $SPX to top out somewhere near the 1000 mark. So trendlines in that vicinity are the ones to watch to stop this rally somewhere down the road...

$NDX charts...



Book is coming....

Some news here, I am putting all of the formulas I use into a book, hopefully easy to understand (at least I'm trying to write it that way) and I will sell it for a reasonable price (I'm thinking around $30). It will only have 3 or 4 chapters, short and sweet, and be around 50 pages or so. Can't say when I'll have it out exactly, but I'm anticipating it to be out by late summer...

Wednesday, April 8, 2009

$Gold again....





$Gold is bouncing off of it's lowest second order trendline, if it fails here, then deflation is really revving up...Although, note we are creeping up on a .2500 node in the middle diagram. This might provide a short term reversal or bounce when we get there. I still would vote for a deeper level as we get near the .5000 nodes some months from now...