THE DOT - if this turns orange or red be alert

Wednesday, December 1, 2010

wednesday brainstorming - part 1

1. Whipsawing and gaping around within the consolidation pattern is rather unnerving for most traders. Well the astro pattern we have currently a Mars square to a Jupiter / Uranus conjunction rather does tell that both sides will be applied as Mars Jupiter for itself means exaggeration on one hand and Uranus makes it unpredictable and erratic. Hence volatile swings is what we can expect for markets plus we have Uranus going stationary on the 5th bringing even more volatility to the equation. On the other hand the publication of Wikileaks fits perfectly into this scenario and the best is still to come as the Mars Uranus square will become exact towards Friday. Such as patterns will usually mark relative highs or lows as a basic rule and due to the general situation that Europe is heading for big debt trouble and America in trouble markets have been quite benign so far - with a little help of market manipulation and central banks printing presses running 24/7.
We will have to break out of these consolidation patterns in USA markets and the odds are to the downside to mark a temp low as sentiments are rather bullish. The SP future had a spike potential up to 1196 for today as ISE had 2 consequential high put buying days and was short term oversold. From that level a decline should follow breaking below the 1172 which should be followed by a sell of to 1135ish level .

2. A bit pathetic the timing of the Interpol arrest warrant timing against Wikileaks frontman


Interpol Issues International Arrest Warrant For Julian Assange For "Sex Crimes"

Per, Interpol has just issued an international arrest warrant for Julian Assange. The offense listed: SEX CRIMES. And somehow Interpol does not have access to the Internet and is unable to pull an image of the wanted criminal. Unclear if Ben Bernanke will follow suit in the same Sex Crime category for repeated involuntary fornication with the world's middle class. In other news, we are now taking odds on a dramatic, globally televized slow speed chase on a California highway in Julian Assange's future?

Following Wikileaks Revelations, The Tricky Dick Rushes To The Rescue, Sees Bank of America Worth $21 In Bankruptcy

This is certifiably one of those days when the insanity refuses to end. The latest laugh out loud episode come from the lunatic who has outstayed his "analytic" welcome by about 2 years following hisBuy recommendation on a soon to be bankrupt Lehman Brothers (sorry Dick, nobody will ever let it go): The Rochdale analyst, continues to reprise the role of the evil grandpa-in-law who just. refuses. to. leave. even though it is about 12 hours past his credibility-time, now sees Bank of America as worth $21 in bankruptcy. You really can't make this shit up. To wit: from a very funny Dick: "In death, this company would be worth 91% more than it is worth in life." You may laugh now.

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