Courtesy of Allan of Allan Trends
Ironic, isn't it? That the New World Order that been the source of so much fear and distress over the past decade finally makes its appearance as not the The World Order, but instead, The New World Disorder. It's enough to long for the days of the Cuban Missile Crisis, Watergate, or Monica Lewinsky. At least then, we knew who the bad guys were. These days, they all are. This game is being played initially on "the Continent" but rippling across the sea in a smoke and mirrored morass of global debt and deceit.
Pan to Bill Griffith on CNBC ten minutes before the close. "The market is down 400 points," he bemoans, but in his own branded sparkling thumbs-up air of optimism finishes with, "But its well off of its low of -408 points just 20 seconds ago." Do I still have time to GO LONG?
I eschew fundamental considerations, events, analysis in my trading. It's much too random, short-term, arbitrary and oftentimes comical to add any insight into current and future price prediction. The disembowelment of the eurozone is already baked in cake and the cake is a chart of the US stock market. The chart below shows the Dow with my trends lines and sell signals, and my preferred Elliott Wave count. If the mid-summer sell signal of 2011 plays out similarly to the one in 2008, there may be a long, dramatic decline straight ahead.
charts and more within,,,,,,,,,,,,,,,,
http://www.zerohedge.com/contributed/new-world-disorder-watch-stock-market?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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