Sunday, March 17, 2013

Beware the Ides of March. Arrive the Black Swan?

Will the mistrust of Banks and Government finally come home to roost?  Ponzi Schemes can continue as long as new money is continually introduced, and trust in the system remains.  Will trust finally be breached?  This is playing out to be a very interesting Monday.

I've been quite patient in finding the next intermediate top.  Nine positive trading days, larger selling volume on Friday, and, of course, Cyprus.  As for events in the rest of the world, I dont have nearly enough time to follow it's crescendo of crazy.

Unless the crooks can jam the futures back up into tomorrow's open, and restore all confidence and trust, I would expect the next stop on the S&P to be the 1440 range.

Even my patience has had to learn patience.



Short term shows divergence on the stochastics, the 200 ridiculously ahead of itself, and similar volume selling that we saw in December.

 

 



The final theft draws near.

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