Terrible Technicals – Some negative signs for the economy
This article presents charts on the U.S. margin debt, P/E ratios that are reaching all time highs, and consumer sentiment that are all pointing to a near term bubble bursting or even worse. A Time magazine cover eluding to another crash is included to further the author’s point of a way over inflated market/bubble.
Click here to read the article and please let us know what you think.
What makes this time really scary is money will not be diverted by The Federal Reserve away from the stock market for the purpose of carrying loans based on securities. This is their last stand, every other avenue has failed. The trap that they engineered is set, and they can’t raise rates to try and stem the money flow into stocks because the debt is too huge to allow this. DT
Fed will taper IF economy turns around, but Fed policy is ruining the economy (systematic/institutionalized stealing always does). Therefore, we are going down. Are we surprised?
In case you missed it this left-wing b*tch is gone…
http://www.mail.com/news/politics/2353048-irs-official-heart-tea-party-scandal-retires.html#.23140-stage-hero1-6
a picture speaks a thousand words.
As I understand it, she and her attorney declined to comment. Wonder wht?
When the Dow hit its new high last week the RSI went over 70, indicating an overbought condition. I think the current down-trend is merely reversion to the norm.
I do not see an overwhelming amount of TA signalling a substantial drop.
Much more scary is the dollar index which is BAD, very bad….
$DXY – US Dollar Index (INDEX)
Date Open High Low Last Change % Change
09/23/13 80.38 80.52 80.28 80.45 +0.02 +0.02%
Composite Indicator: SELL
Short Term Indicators
7 Day Average Directional Indicator Sell
10 – 8 Day Moving Average Hilo Channel Sell
20 Day Moving Average vs Price Sell
20 – 50 Day MACD Oscillator Sell
20 Day Bollinger Bands Hold
Short Term Indicators Average: 80% – Sell
Medium Term Indicators
40 Day Commodity Channel Index Sell
50 Day Moving Average vs Price Sell
20 – 100 Day MACD Oscillator Sell
50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 100% – Sell
Long Term Indicators
60 Day Commodity Channel Index Sell
100 Day Moving Average vs Price Sell
50 – 100 Day MACD Oscillator Sell
Long Term Indicators Average: 100% – Sell
Overall Average: 96% – Sell
Price Support Pivot Point Resistance
80.45 80.18 80.42 80.66
Sorry if things don’t line up nicely.