$USD charts...

Note here that we're almost resting on a exponential trendline (middle chart) and are very near a .250 node (bottom chart).
Current node reading is .24515...so any bounce is close, could be now or a little ways into the future...
I would feel that any dollar collapse concerns are more than a bit premature at this point...
Long time readers know that major moves usually don't terminate until we get close to the .500 nodes, which in this case is still a ways off. That is to say the dollar rally shouldn't end before the .500 nodes are reached on one of the three charts, even though it may not appreciate in value all that much before then.

Just thought I would add, the approximate .500 node dates I'm talking about are 8/26/2010, 3/3/2011, and 12/19/2011, so the end of the dollar rally could be near one of those three dates.

$SPX testing uptrend line...

Although the node characteristics are favorable, caution should be exercised as the current trendline is being retested...Should this trendline fail (and it might) there are a couple trendlines below the current one. With node readings around .27 to just under .37, it would be very unusual for the whole rally to come apart this soon.

Tax Revenues Tanking (courtesy Financial Sense Editorials)

http://www.financialsense.com/editorials/casey/2009/0519.html

It's amazing how fast the U.S. economy is deteriorating, and how quickly the government is running out of wiggle room...

There's more rally comin'

We've just had a perfect node & trendline signal on the $spx. Passed through the .250 time node and trendline support held. Classic. Actual node value at bottom was .25839. or 1.56% off from ideal.

(.25839/.25000)= 1.0156

$spx closeup...

As of this morning we are at a .25 node and at a trendline...It could bounce here, but we'll have to watch it the next couple of days. This is of course based on the "second level" trendlines and nodes...If it does bounce here solidly, then the rally is obviously starting the next leg up...

$NDX charts...

Obviously, we're in the 'B' wave now...and probably will be for a few more days...
Remember, my scenario is we drop for a bit here, stabilize, and then do a 'C' wave higher into mid-July....That should be the top of the Bear market rally, and then All Hell Breaks Loose throughout the end of this year and then into the next year...

$SPX charts...

Denninger, Again!

My hat is off to Denninger, he does his homework well...

This article by him shows how the Federal government is trying to change the (financial) balance of power between the states and the Federal Government, to make the Federal government have final say over EVERYTHING.

http://www.bayridgetalk.com/comments.php?DiscussionID=13097&page=1

The story of STUFF

This is SO well done...please share this with others..
http://www.storyofstuff.com/

Especially share with people you know that don't have a clue, but you may have to sit with them and force them through it... After all, that reaction to things like this is why they're clueless in the first place...

I believe this link has had 10,000,000 plays so far...that says something...

This also explains indirectly why we're probably not just in some little correction over the last two years, a bigger story is ending....

Denninger on the economy

http://market-ticker.denninger.net/archives/1030-The-Economic-Tsunami-Is-Curling-Over.html

I like his logic on the "Singularity". Any comments? Does anybody see anyway this could be avoided?

Americans ready to be lied to...

From the Onion...

http://carolynbaker.net/site/content/view/1087/1/

Closeup of the rally on $SPX...

This is a closeup of the "second order" trendlines on the $SPX rally. On this time scale, as you can see, we are just passing the .25 nodes now. It's uncommon for a swing to end at the .25 nodes, though you can have corrections here...Since the usual minimum node for an ending is .500 or so, this rally has quite a ways to go, timewise...

So where are the .500 nodes in time? Here they are: 6/25/09,7/15/09,and 8/13/09 for the 1.272, Average, and 1.382 nodes, respectively. There is also a major Bradley date on July 15, 2009. Coincidence?

$SPX charts...

Uptrend still looks fairly strong...

$NDX charts...

Still climbing...

As if there was any doubt...

The Banks own Congress...(and maybe the President too, and maybe the last couple of them, also...)

read it here...

http://www.salon.com/opinion/greenwald/2009/04/30/ownership/

The terrestrial sphere is thermodynamically closed.

From the ENERGY Bulletin:

http://www.energybulletin.net/node/48807

A little deep, but elegant.

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.

$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...

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...

USO revisited...

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

Real estate has a long way to go...Down!

This was sent to me in a free newsletter...thought I'd share...

Where the jobs are, and where they aren't...Amazing map from Slate magazine

An interactive map of vanishing employment across the country.


http://www.slate.com/id/2216238/

$NDX charts...

Note the approach to the red trendline in bottom chart.

$SPX charts...

$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...