Monday, August 30, 2010

Market turning down.


Just sold my longs for a loss about $200...market weaker than anticipated..

I bought at the blue dots and sold at the red one, made $200 on the way up and lost it on the way down. A wash, really...

This channel is shallow, so that implies not much energy, anyway...

Doomsday seed vault created by Bill Gates and David Rockefeller

by F. William Engdahl





http://www.globalresearch.ca/index.php?context=va&aid=7529

No project is more interesting at the moment than a curious project in one of the world’s most remote spots, Svalbard. Bill Gates is investing millions in a seed bank on the Barents Sea near the Arctic Ocean, some 1,100 kilometers from the North Pole. Svalbard is a barren piece of rock claimed by Norway and ceded in 1925 by international treaty (see map).

On this God-forsaken island Bill Gates is investing tens of his millions along with the Rockefeller Foundation, Monsanto Corporation, Syngenta Foundation and the Government of Norway, among others, in what is called the ‘doomsday seed bank.’ Officially the project is named the Svalbard Global Seed Vault on the Norwegian island of Spitsbergen, part of the Svalbard island group.

Central Bankers get way bolder.

Central Bankers get way bolder.

From Jackson Hole, Today August 28th on Reuter’s Main News Page.

“Fiscal “alchemy” must mimic monetary science”

http://www.reuters.com/article/idUSTRE67R13H20100828

If I read this correctly, they are saying that Congress is inept (and by extension, also are the people who voted them in), and for the sake of professionalism, the central bankers must endeavor to ‘influence’ fiscal policy.

Excerpt:

“Central bankers are likely to have to pay more attention to taxation and budgeting in the future as the stresses from the financial obligations of retirement programs increase, he said.

Since there is general agreement that central bank decisions should be made without political meddling, financial markets can be reasonably confident of policy makers’ responses to a slowdown in economic growth or a rise in inflation, Leeper said.

However, no such predictability exists for fiscal policy, which can shift with political winds.”

Translation:
So they want to extend the Central bank’s mandate beyond printing money and creating ponzi schemes, to full governance, taking on taxation and spending, i.e. usurping the constitutional role of Congress.

They make some comments about retirement programs and Social Security, about the debate over reducing benefits or raising taxes.

Don’t we want Central Banks to handle these things too?

Sure. Right.

---------------------------------------------------------------------------------


Also, isn’t it great, as per the title of the article, that what they do they call “monetary science”!

What a joke!

Sunday, August 29, 2010

Sun storm to hit with ‘force of 100m bombs’



http://science.nasa.gov/science-news/science-at-nasa/2009/21jan_severespaceweather/


Sun storm to hit with ‘force of 100m bombs’

http://www.news.com.au/technology/sun-storm-to-hit-with-force-of-100-bombs/story-e6frfro0-1225909999465#ixzz0xy1eoplN

Sun ramping up for Solar Max
First Max event since mid-80s
US studies effects of ‘digital bomb’

This week several US media outlets reported that NASA was warning the massive flare that caused spectacular light shows on Earth earlier this month was just a precursor to a massive solar storm building that had the potential to wipe out the entire planet’s power grid.

NASA has since rebutted those reports, saying it could come “100 years away or just 100 days”, but an Australian astronomer says the space community is betting on the sooner scenario rather than the latter.

Despite its rebuttal, NASA’s been watching out for this storm since 2006 and reports from the US this week claim the storms could hit on that most Hollywood of disaster dates – 2012.

“The general consensus among general astronomers (and certainly solar astronomers) is that this coming Solar maximum (2012 but possibly later into 2013) will be the most violent in 100 years,” astronomy lecturer and columnist Dave Reneke said.

Similar storms back in 1859 and 1921 caused worldwide chaos, wiping out telegraph wires on a massive scale.

US government officials earlier this year took part in a “tabletop exercise” in Boulder, Colorado, to map out what might happen if the Earth was hit with a storm as intense as the 1859 and 1921.

NASA said that a recent report by the National Academy of Sciences found that if a similar storm occurred today, it could cause “$1 to 2 trillion in damages to society’s high-tech infrastructure and require four to 10 years for complete recovery”.

The Billionaires Bankrolling the Tea Party - NYT

http://www.nytimes.com/2010/08/29/opinion/29rich.html?_r=1&hp


Excerpt:

Tea Partiers may share the Kochs’ detestation of taxes, big government and Obama. But there’s a difference between mainstream conservatism and a fringe agenda that tilts completely toward big business, whether on Wall Street or in the Gulf of Mexico, while dismantling fundamental government safety nets designed to protect the unemployed, public health, workplace safety and the subsistence of the elderly.

Friday, August 27, 2010

On the Militarism of 'Christian' Nations

From a discussion at Max Keiser's site I wrote this:

I think it’s not generally recognized that the reason Christian nations are involved in a lot of wars has a lot to do with the structure of the Bible.

In the New Testament, Jesus lays out a program that reaches out to all peoples of the earth, as potentially God’s children. This immediately obsoletes the Hebrew tendency to feel as a chosen people they had first dibs on any land near their current holdings.

It obsoletes the superiority of the Jewish people, levels the playing field.

Then Paul spends his career spreading this program. This is part 2 of the NT.

Part 3 of the NT is missing. This would be a history of a Christian nation, which would employ Christian values in foreign relations. It would use war as a last resort, for self-defense. And it would treat defeated enemies graciously. No gratuitous slaughter, or holocausts.

Because part 3 is missing, Christian get their nation to nation relationships from the Old Testament by default, which is as violent a document as you can find anywhere on Planet earth.

I would add that under Douglas MacArthur, second world war, you can find a man who employed Christian principles in administering the occupation of Japan, and he did an extraordinary job.

Had some political hack had the job, the Japanese occupation might have turned into something difficult. Maybe not as bad as Iraq, but not good. He insisted on his soldiers treating the Japanese and their women respectfully. Many Japanese feared the American Invasion because they knew what their own soldiers would have done had they conquered America.

It is recorded in Japanese newspapers of the day, that the Japanese were humbled by the high road the Americans had taken every bit as much as the military defeat itself…

The actions of MacArthur were the actions of one enlightened man.

The U.S. is therefore schizophrenic, with some Christian values expressed imperfectly inwardly, and OT Hebrew militarism expressed outwardly.

MacArthur kept the Emperor of Japan safe, and wisely employed his help to stabilize the Japanese nation, unlike in Iraq today where American soldiers are taught to disparage all of Iraq religion and culture.

Vast difference in wisdom and outcomes…

Wednesday, August 25, 2010

Having fun with the NNDB database


Want to know who is connected to who? or to what?

Using the NNDB database is easy. Here the output for James Dimon, CEO of JPMorgan Chase:



Here's the link:

http://www.nndb.com/

And Here's David Rockefellers:

Tuesday, August 24, 2010

5 year bond chart.


Similar to the ten, suggests some kind of reversal is not to far off (keep in mind this is a monthly chart).




Another piece of evidence...



Clickcharts

Note too that their proprietary trend indicator has gone green for two days on the $RUT. This hasn't happened yet on the $SPX, though...

I saw this green light first show up yesterday, and I think thats why I pulled the plug on my shorts...but there is some lag on these things..

At the top you see negative divergence on the 'Russell 2000' $VIX. This also evident on 'regular' $VIX, just less pronounced.
All taken together, we're at some kind of a bottom..

Update 2:20 Central: Just purchased a little long position on $RUT...


Another indicator: Money Flow shown here above on the Q's...

Microtrendlines at 11:00 central time





Looks actually like a bottom might be forming here.. Look at the Bigcharts oscillators, wedge forming..also $SPX and $VIX have just the kind of minor trendline penetration seen at turning points..

Now it's Clearer...

Looking at what's about to happen..
Although the process is probably not complete, we may be forming a bottom in the stock markets...at least that's what this ten year bond chart seems to be suggesting...

Doesn't seem right does it, with Hindenberg Omens all around. Unless the market flash crashes now, to get it done fast...

Your guess is as good as mine here...

Monday, August 23, 2010

Market wandering aimlessly..

Just sold my short positions. I took a very tiny loss maybe 50 bucks...Until the market shows some conviction either way, I'm out...

More of Hopper's oscillator work.


Looks like quite a bit of negative divergence...

Sunday, August 22, 2010

A view of the $SPX..


Notice Slow Stochastics, weekly...

And the candlesticks.. Looks like down, doesn't it?

Friday, August 20, 2010

Comparing the interests of the Banking Cartel and Israel...

I wrote this over on Max Keiser's site, decided to repost here:

I note that Max feels Israel is to be abandoned. I come to the same conclusion. I watched the tensions surrounding the Bushehr reactor with interest. I knew Russia was digging it’s heels in, and I knew the Neocons were pushing like mad for an attack. Israel through AIPAC was pulling all the strings to make it happen. It looks pretty much like nothing is going to happen at this point.

Through it all, I was thinking, what is the international Banking Cartel thinking, what would be their position on it (the attack)?

I know the Flash Crash showed the power of the virtual in todays markets, yes, the banking industry can use HFT to ratchet prices up and down, as needed. Stocks are easy to do this way, and commodities too, pretty much. The oil shock of a couple years ago was classic. Artificially raise the price of oil to very high levels, giving rise to $4.00 gasoline in the U.S. Then as consumption falls, and excess oil and refined products ‘build up’ in the supply pipeline, play the short side as oil prices collapsed. By manipulating price, they also manipulate supply and demand. Put another way, as Max Keiser says, price discovery is defeated.

What the banking cartel would like less, although they can still play it, is a true one-sided trade caused by a real, as opposed to virtual, scarcity. If the bankers of Wall Street weren’t 100% sure the U.S. Military could keep the straits of Hormuz open after an attack on Iran. I think they would oppose the attack. That closing, if it happened, and couldn’t be reversed, would cause a real scarcity of oil for at least a while, and maybe a long while. As other commodities are sensitive to energy prices as well, this would make the banking cartel's strategies much harder to implement, They could profit from rising prices of oil and other commodities in this scenario, but would have a hard time producing a glut to cause an opposing price collapse. I.e. price discovery would reassert itself, and the bankers control of the pricing system would be diminished.

These guys like disruptions and milk them for all it’s worth, but they only like problems that they themselves create, and disruptions that will produce no wild cards for their profit-making processes and formulas..

Short answer, I think they were opposing the attack…

Just a hypothesis, I could be wrong…

But if I’m right, it means that Israel's military ambitions are no longer aligned with the Banking cartel-Oil supplies are to be protected and not disrupted. The peak oil curve and the declining supply curve will be managed as long as possible to allow price manipulation as long as possible. It is in the interests of this cartel to manage the demand side as well, to keep it below the declining supply curve as long as possible.. In that way they keep price discovery from energy for a few years longer…

Another possible conclusion, although still just a hypothesis:

Going a little further with this, ‘Green Energy’ doesn’t truly get a ‘green light’ from the economic masters until the reassertion of price discovery in oil and fossil fuels is no longer preventable…

Don’t start a new game ’till your done playing the old one…

Monopoly Money and the International Banking Cartel

http://csper.wordpress.com/2010/08/12/monopoly-money-and-the-international-banking-cartel/

What the Fed's plugged into...

Thursday, August 19, 2010

Tuesday, August 17, 2010

Government lies about oil in Gulf of Mexico - Washington's Blog




Nice piece of journalism by these folks....

Word to the wise, henceforth, eat no seafood, unless you know it didn't come from the Gulf of Mexico...

Like maybe you caught it yourself, then you know.

Microtrendline charts...



No August Surprise, Just a Modern Day Jubilee Debt Collapse -By David Knox Barker

http://www.marketoracle.co.uk/Article21887.html



Humanity has been here before, with strikingly similar conditions. It was the overuse of debt funding that led to a Roman crisis at the height of the empire in the year A.D. 33, as told by Lightner (1922), and quoted in Jubilee on Wall Street. Just exchange a few of the bank names, politicians and programs with those of the current global financial crisis and the parallels are disturbing:

When we make a hasty survey of the Roman Empire (read the global economy) to find the symptoms of decay (stagnant and falling GDP) there is brought to light as the outstanding feature industrial stagnation (overproduction) and commercial ruin (excessive debt from loads from subprime, consumer, and corporate debt, triggering bankruptcy, etc.). The year 33 A.D. was full of events in the ancient world. It marked two disturbances as the outgrowth of the mob spirit. The first was in the remote province of Judea where one Christus was tried before Pontius Pilate, was crucified, dead and buried (this was the real deal in debt forgiveness of another sort, but that’s another subject). The other event was the great Roman panic which shook the empire from end to end. The consternation accompanying the latter died down and it was soon forgotten (of course the empire later collapsed), but the murmurings of the former swept down the centuries until, bursting into flames, it enveloped the world.

Saturday, August 14, 2010

Some articles mention the Hindenburg Omen.



For those of you not familiar with this, It usually means a really sharp correction lasting for a considerable period of time.

One article mentioning it is this one:

http://www.safehaven.com/article/17822/bounce-but-hindenburg-omen-reappears

There are others.

This tends to confirm my overall bearish outlook.

Depending what Monday looks like, I may reenter my short positions.

Friday, August 13, 2010

Keep watching the VIX.

Decline pauses for a bit, but the move is just getting started IMHO....

Update 2:00 Central Time:

Intraday Bollinger bands very narrow, Put/call favors a bottom here, definite tug of war between bulls and bears, but I'm staying short for now...small chance I could be wrong...

Update 2:25 Central Time:

Just sold my short positions, can always re-enter...I still think we're in a bearish configuration but wanted to protect profits for now..

Wednesday, August 11, 2010

VIX suggests major decline ahead.


Based on the tightness of the daily Bollinger Bands, I would expect a big move...

$SPX and $RUT microtrendlines, end of day



An Open Challenge to Paul Krugman: Were America’s Founding Fathers Wrong for Advocating Death for QE Measures?

An Open Challenge to Paul Krugman: Were America’s Founding Fathers Wrong for Advocating Death for QE Measures?

Let's see if Paul Krugman takes the bait by ZeroHedge....

Two Thirds Of Wall Street Donations Now Go To Republicans As Democrats Get Least Contributions Since May 2008

Two Thirds Of Wall Street Donations Now Go To Republicans As Democrats Get Least Contributions Since May 2008


This insures that the banking/finance sector maintains their death grip on the reigns of power...

Morning Market Warnings - Yelnick

http://yelnick.typepad.com/yelnick/2010/08/morning-market-warning.html

Obviously, the morning drop has transpired, but I posted this here because I agree with the other assessments in this brief piece...

Also, I have added to my short position today...

Monday, August 9, 2010

Right on the cusp...

I am still short and the price action looks currently right at the juncture between the declining magenta and uptrending green trendline....




Technically though, the juncture is really a few days from now, on the 12th of August at 1124.5 on the $SPX...

You will see a lot of the narrow trading range seen here blamed on 'bots' in the press. The bots are just like everyone else, following unseen trendlines....

Saturday, August 7, 2010

U.S. Targeting Iran, Preparing for World War III - By Michel_Chossudovsky

http://www.marketoracle.co.uk/Article21554.html



As I said recently, fallout shelters may be something we may soon wish we still had...

2010: Humanity’s Choice As Foreseen by Rudolf Steiner

http://www.marketoracle.co.uk/Article21642.html

Excerpt:

The trajectory the Empire embarked upon almost a century ago has not changed. Today the denouement is at hand. The present situation, unless sufficient numbers of people wake up to the way in which they must act immediately to ensure a balanced social order, including at least some of the controllers themselves, can end only in catastrophe, which Steiner in his writings foresaw.

In my opinion, there are four ways this possible catastrophe could come about--alone or in combination.

Thursday, August 5, 2010

Reflections on the Military/Industrial Complex - Submitted by Mike Endres

Great pictures on this site....

http://www.financialsense.com/contributors/mike-endres/reflections-on-the-military-industrial-complex

Excerpt:

And - never forget that the military needs wars. That's the way it trains people to fight. No wars, lousy war fighting ability. That's one reason we fought in Korea, Vietnam, Grenada, Panama, Iraq and now Afghanistan. (WWII was a different kind of fight). I know, you just think the stupid government just didn't learn anything in Korea or Vietnam? Wrong. The government and the military needs to fight something, somewhere in order to test new equipment, tactical methods, soldier training and such with real shoot-em-up weapons to keep an edge on the rest of the world in war fighting ability. Not to mention they need bad guys and enemies to keep the U.S.population in line, worried, agitated and "patriotic".

Zero hedge - the Endgame has started.

Submitted by Michael Krieger

http://www.zerohedge.com/article/guest-post-russia-bans-grain-exports-end-game-trade-begins#comments

Excerpt:

Massive Social and Geopolitical Change is Coming

What is happening at the moment on the world stage is that essentially the governments of all major countries on planet earth are on the verge of collapse one way or the other. While there are certainly many differences between the governments of China, Russia and the United States for example, there is one huge similarity. They are all highly bureaucratic centrally planned economies. What is so interesting about the present time is that we are witnessing the end of the current monetary and financial system that has dominated the world since 1971. This will also invariably mean that we are about to witness dramatic political and social change in virtually every country on earth. The very elite in the United States know this which is why they are using their puppets in D.C. to pass laws that will put the citizens into a neo-feudalistic debt slavery so that they will not revolt once it becomes clear to all that the politicians are a bunch of crooks and scoundrels that have sold them out entirely. On a positive note, I think a critical mass has already been achieved in the U.S. and I think D.C. will collapse under its own weight. As I wrote to a small group of friends earlier this week as relates to the fact that a sheriff there stated “Our Own Government Has Become Our Enemy.":

It doesn’t matter what you think about the AZ law. It is merely a microcosm for a bigger battle being waged between states rights and the gulag federal government. The second American revolution HAS begun and it started in Arizona (I thought it might be Texas). Either way, what I expect to happen in the months ahead is more and more people are going to STOP obeying federal laws and ultimately states will also simply not obey. This is not necessarily what I am endorsing I am just telling you where I think this is headed. This will put the Federal government into a corner where they will need to respond. The stock market is being used as a government weapon to make people think things are ok when there is a massive tempest brewing that will wipe away the entire structure. Either way, the revolution will not be televised. Commerce will increasingly move to a black market model (l have heard big discounts are being offered in Greece if you pay in cash and that will be here too).

This all fits into the whole “Dangers of a Failed Presidency” concept that I wrote about around a month ago. Washington D.C. has now officially lost the mandate of the people it governs and this is a very dangerous scenario. If history repeats itself the government will look for a way to vilify another country or a group of people within the country. As such, I implore everyone that reads this to be as vigilant as possible in the months and years ahead. Do not accept war (don’t we have enough wars) and do not allow the government or media to demonize a particular subset of the American people. This is the oldest trick in the book, it’s the divide and conquer or export chaos strategy. Right now we need to identify who sold us out and how they did it. Therefore when things crumble we know who the culprits are and we don’t let them change the story and divert anger and confusion elsewhere.

Odd Coincidence....

Following up on my last post, about how I, with a science background, and secular by nature, still see convergences picked up from my wife,(who is very, very Christian) with the real events of our time.

Think about the Gulf Deep Water Horizon oil spill, where a huge oil rig, exploded, caught fire, and fell into the gulf, with blood red oil streaks seen spreading out for more than a hundred miles around, and with massive loss of sea life.

Then you have Revelations 8:8:

The second angel sounded his trumpet, and something like a huge mountain, all ablaze, was thrown into the sea. A third of the sea turned into blood, a third of the living creatures in the sea died, and a third of the ships were destroyed.

Kind of a startling coincidence at the very least.

Doug Casey: War Is Coming

http://www.howestreet.com/articles/index.php?article_id=14168

Sometimes things look almost Biblical to me anymore, and I'm a skeptic by nature.

This article should be read. Should we be building fallout shelters again, as in the 1950's?

Pinch-out

Notice the rounded black square. Within that you see price action in a pinch between the rising green trendline and the declining magenta trendline. This should resolve downward at any time now...




(Click to enlarge.)

Wednesday, August 4, 2010

A couple of topping anouncements.


First we have Hopper who presents this graph:





Hi Mark,

I'm having fun with oscilators, here is my latest, the Top Teller.
When the light green line crosses the light purple, falling, it shows a possible top.
Today the light green crossed the light purple, but not yet the dark purple.


Then there's Yelnick. If you visit his site, he 's talking about some kind of top also...

We are in tight intraday Bollinger Bands and up against an exponential trendline with no momentum, so I too, see a likely top here...

Banking system on verge of new crisis, hedge fund Noster Capital warns - Telegraph, U.K.

http://www.telegraph.co.uk/finance/newsbysector/epic/barc/7923014/Banking-system-on-verge-of-new-crisis-hedge-fund-Noster-Capital-warns.html

Tuesday, August 3, 2010

The biggest lie about U.S. companies - By Brett Arends

http://www.marketwatch.com/story/the-biggest-lie-about-us-companies-2010-08-03


BOSTON -- You may have heard recently that U.S. companies have emerged from the financial crisis in robust health, that they've paid down their debts, rebuilt their balance sheets and are sitting on growing piles of cash they are ready to invest in the economy.

Commodity ETFs: Toxic, deadly, evil - by Paul Farrell

http://www.marketwatch.com/story/commodity-etfs-toxic-deadly-evil-2010-08-03

This could explain the divergences I'm seeing...

Excerpt:

Commodity-index ETFs are a global threat far more dangerous to the world than nuclear attacks from terrorist nations. Nuclear WMDs have the power to wipe out major urban areas killing tens of thousands instantly, like Japan in 1945, leaving massive scars across humanity for many decades.

And yet, as Funk puts it: "Heilberg's bet on chaos is beginning to play out on the streets." The toxic trail of commodity ETFs is already proving to be deadly, starving thousands worldwide, while the new Capitalists of Chaos only see incredible profit opportunities, as they make huge bets that they'll get even richer in the next round of catastrophes, disasters, poverty, starvation and wars.

Expect a 'pop' tomorrow...

The intraday Bollinger Bands are getting real 'tight' just below the magenta trendlines presented a couple of posts back. That trendline is officially at about 1131, expect the $SPX to push above it, and that will probably define the top of the wedge...

“Do the Rich Even Need the Rest of America Anymore?” - Naked Capitalism

http://www.nakedcapitalism.com/2010/08/do-the-rich-even-need-the-rest-of-america-anymore.html

Excerpt:

This line of thinking is hardly new. James Galbraith, in The Predator State, discusses how the corporate elite have come to serve their own interests rather than those of their companies, and have become adept at using the state to further their personal aims. Thus the profit potential of remaining engaged in the US (albeit at as much of a remove as the top echelon can manage) is too great to be ignored.

What does this divergence mean?


Either the Slow Stochastics indicator in this chart is telling us we are at a very oversold place with lots of upside potential, or, the rally from the early July bottom is the predecessor for an extreme down move. Which is it?

Keep in mind that volume for this recent rally has been worse than uninspiring...

Monday, August 2, 2010

Rally nearing completion?

With minutes left in the day, the $SPX nears some major resistance (the magenta trendlines). Tonight I will check sentiment and put/call ratios to see where we are...

Update: 9:30 Central Time

Neither Put/Call or Sentiment is extreme, futures are soft...Intraday charts show slight negative divergence. Best guess, a slight decline, with the possibility of more upside after a mild correction. An 'overthrow' of the wedge is possible over the next couple of days....
Neither of the magenta trendlines has been breached, I would expect at least the lower one to be exceeded somewhat...