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Checkmate 

9/26/2015

1 Comment

 
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The fed is trapped. They have painted themselves into a corner. The magnitude of their fuck-up: Inflating the largest asset-price bubble in the history of man-kind is unfathomable. Fed Chair Janet Yellen gave a speech last week which was truly pathetic. The speech was 30 minutes of inane ramblings about how 'great' inflation is. The word 'inflation' must have been uttered 300 times. Yellen, trying to convince the world that the destruction of everyday citizens purchasing power is desirable. The lies ended up being too much for Yellen to bear.
​ At the end of the speech, her conscience began to overtake and she could no longer muster the courage to speak the lies that had been prepared on the sheet in front of her.
There was talk that she stroked, but it was no stroke, she choked.  
I can think of no bigger tell than that video. Janet Yellens poker face may be stoic, but unfortunately the market will call her bluff.
On top of the Fed never raising rates & Janet Yellens embarrassing lying capabilities, the technicals are breaking down.
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After an epic headfake into the September Fed meeting, price was rejected and has settled into a falling channel.
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Support levels are in the process of giving out as the dollar begins to ramp.
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WLSH:USD Ratio Breaking Down. Playing out exactly as anticipated after the ratio topped out in June 2014
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Soft Commodities are Perking Up. Perhaps I will be proven correct about the Breadbox Rotation I have predicted in a prior post earlier this year.
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$ Never did chase stocks on the month long dead cat consolidation...
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Momentum is Negative
It won't take much for another financial crises to spark. The bubble is so large that just falling asset prices may be enough for the multi-quadrillion derivative powder keg to explode. I am watching very closely DB as I believe that they could very easily be the first pin to drop. However, do not forget just how interconnected these banks are from our experiences in 2008. One shoddy too-big-to-fail bank goes down & the contagion could spread rapid fire! 
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The writing is on the wall. Bulls lucked out having this Dead-Cat Consolidation last as long as it has. However, it is only a matter of time before support breaks and we head down into the depths. There is still an air of complacency about the market. However, on the next leg down I fully expect all hell to unleash and a massive wave of Fear to assert it's grasp.
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1 Comment
DC Hendrixson link
12/1/2015 03:57:10 pm

mtbigsky,

Just another thing I feel strongly about. There are many people/traders who want to sell you their products and systems. The majority just teach you a system that in many cases is easily manipulated. They have all these testimonies from people whom in many cases are not real. Costly software, proprietary systems, indicators, videos, books, etc. Purchase our system. It's the Holy Grail of Trading. It's akin to watching a rodeo on TV and then believing you can master it without ever receiving one on one coaching and having actually been on that bull. Well I know what you cowboys in Montana would say. I would never trade with any trading company, system where you cannot be in a live trading room with them and watch them make money in real time. Show me the money in real time. Talk is cheap. Videos are manipulated in many cases. Been there. Done that. Wasted days and wasted nights.

DC

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    R. J. Sullivan IV

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