End of World? No. End of a false Economy? Maybe

A Lock Limit down just ocurred in the Futures Market.  The S&P Futures locked out at 50 points down, from 1441 to 1391.  A 31 point plunged ocurred in just under 1 minute.  While futures markets are thinly traded, a 3.5% move is quite significant.  And a 2% drop in value in 1 minute in an index will always be significant in my book.

People are pointing to the Lame Duck Congress.  I am still quite shy about these markets.  They are heavily manipulated, I no longer trust a thing from the Government, and this could be nothing more than a fat cat design of the Federal Reserve and Goldman Sachs.  Never let fear and panic be wasted!!  Strike Fear into the hearts of the people, and steal the last of the money with QE5 and Fiscal Cliff golden hangliding.

For you DOW people.  The lock limit was about 300 points.


Deficit spending and monetization of our debt may finally be over..................but who knows if they have a couple more tricks up their sleeves.  One can only fake math and exponents for a short while.


Attached below is my one year S&P chart.  The green line denotes a 1 year, very significant resistance line, that will most likely hold.  It is the last hope of the Bears.

This second chart is a daily chart.  The significance of this chart is the 200 day moving average near 1390.  About where the lock limit down bounced off to tonight.  It is my belief that this 200 day moving average was fatally wounded in mid November.  My guess is that we do not even bounce at 1390 when we get in its vicinity.  I was originally expecting a runaway gap under it.....but even I question an opening tomorrow more than 50 points down.

The three year pattern shows an ABC correction, with the terminal wedge. 1250, and 1160 are the next pivot points.

The three year candlestick charts shows the persistant support of the 200 day moving average, as well as the negative Moving Average Convergence/Divergence roll over.

VIX looks primed to go parabolic.  It also looks like both Gold and the USD could go negative, which would really pummel all wealth across the board.  Sounds deflationary to me.


And dont forget the most important chart of all.  The 100 year chart.  We are still tip toeing on the top of the silliness line.  IT IS IMPOSSIBLE TO SPEND $8.70 Federal Dollars to create $1 of GDP.  The recent 12 years at the top of this graphic easily depicts the free credit explosion.