Sunday, February 17, 2013

Just a note about the BEARISH bull shit I have under here, the MAIN men, the $NYAD's, are showing NADA as far as weakness is concerned, they continue to crawl higher along with the crawling markets.
HOWEVER, this is the third time in the last two years that the RSI has gotten EXTREMELY over bought, and both prior times we had a pull back, EVENTUALLY! You can see in the red boxes that the AD's started to act a little, aaaahhhhhhh, FUNKY, prior to the previous pull backs, as you can see we are not in that stage, YET! The RSI began to diverge, which is what we are doing now, so it's just a little preliminary thingey type of deal, I just wanted to point out the two green vertical lines which show how the AD's LED us higher going into the end of the year.
To get a pull back, we first have to get a.............PULL BACK.........hahahahaha, as if that's ever going to happen. The trouble will then come on the eventual RE-TEST of the prior highs, if the SPY goes back up and tests the prior highs with the AD's staying flat, or, even WORSE, the SPY making new highs and the AD's diverging LOWER against the retest, THEN, we could be running into some big time trouble.
Until then, I guess the Street will continue their La De Da ways, as they ignore our NEGATIVE GDP print last quarter and the recessions going on in the rest of the World.

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Global Markets, Economies Mired in Early Stages of Biggest Disaster Ever

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Global markets and economies are mired in the early stages of the biggest disaster ever. Most people think both areas are in the early stages of a prolonged recovery, but in fact they are on the cusp of the second downturn, which will be of epic proportion.

The world is in the grip of a bear market. You wouldn’t know it from watching the S&P and the NASDAQ, but just about every other major market average in the world has been falling, including those of China, Japan, Europe, the BRICs, emerging markets, and even the broad U.S. market, shown in the chart below. And these indexes have fallen far further in inflation-adjusted terms.

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