The collision of global markets and social mood

Thursday, September 25, 2014

A Straightforward Set Up & The New Slavery

A very straightforward set up currently: there is a gap at 2010.40 -- the market should at least attempt to fill the gap without getting below 1989.65 beforehand.

Getting below 1989.65 before extending higher could potentially set up a very bearish pattern. With the market having created a five-wave decline from the Alibaba top, this potential should be watched carefully.

On the bullish side, neither the Dow, the NASDAQ, or the S&P broke their respective Sept. 15th swing points, with the Dow showing the most relative strength. So the markets could be gearing up for a larger triangle of some sort that could project new all-time highs. But in order for these to occur, it's important for the above 1989.65 scenario to hold.

Elsewhere, there is a disturbing story today, an eerie reminder of the biblical saying The Borrower Is Slave To The Lender.

Miss a Payment? Good Luck Moving That Car

Repo Man has gone high tech. But Otto would probably hate it.

Let's Have A War by Fear on Grooveshark

No comments:

Post a Comment