It’s all about the Health Care plan now, as the market will likely react unfavorably to it passing.  Obama is dead set on screwing the middle class with this piece of crap bill.  It’s going to cause premium rates go up for all customers as providers will be forced to cover everyone, including those with prexisting conditions.  Common sense tells you that insurance providers will raise rates across the board to pay for those people.

It’s not fair to the healthy people to be forced to pay higher rates, but Obama is dead set on passing it.  Wall Street won’t like it, and we bears are likely to see the correction that should have happened last month.  Because of all this manipulation since last year’s low, Obama and the gang will likely cause the Great Depression 2, with a stock market at 3,000-4,000 Dow within the next 2-3 years.

I hope I’m dead wrong on that, but all the charts point to that area as the finally low, before any real recovery can happen.  If they would have stayed out the market, we might be recovering right now.  This process of slowly pulling the band-aid off the wound is more painful, and will do more damage, then to just pull it off quickly.  If will would have had Ron Paul as president, he stated that he wouldn’t have bailed out the banks, and he would have most likely shut the Federal Reserve down.

That would have been the best thing to do, as the market would have probably put in a lower low then the March 6th, 2009 low, and then traded sideways for the last year building a solid bottom.  By now we could actually have been just starting a healthy rally.

Shutting down, or bankrupting the 5-6 largest (and crookedest) banks, along with the Federal Reserve would have actually made every American the equivalent of $10,000,000 dollars richer as that how much debt would have been erased from the system.  Basically, that’s because the banks have stolen Billions of hard working American’s money through the various bailout programs.  I didn’t see my bailout money… did you see yours?

We really didn’t stand a chance in the rigged election either as McCain would have also bailed out the banksters.  (So, I’d be all over him too if he had won).  Trying to get a politician into office that’s “Honest” and has “Integrity” is almost impossible.  They usually don’t have the funding to get noticed, and even if they do win some how, the crooked politicians won’t work with them.  Nothing will ever get done, until you get enough honest people to overpower the dis-honest ones.

So what about the market?  I’d post some charts of the likely direction, but it’s really worthless to do so until this bill gets passed… or not?  If it doesn’t get passed, then you can expect more of the same old slow grind sideways to higher, as the big institutions aren’t allowed to sell their shares until Obama and gang give them the OK.

If the bill passed, as I expect it to do so, we should certainly see another 10% correction… at the minimum.  Since it will be spring/summer soon, the market could then turn and go back up higher during those slow months.  I think the real fireworks are going to happen this coming fall/winter, as I don’t think they will be successful in holding it up during that period.

But, for next week… assume the bill passes, we should see some selling.  Until that happens, I’m not wasting time posting charts.  I will say that 1150 area needs broken first, then 1115 area, and finally the double bottom area around 1045.  If will break that, then I don’t see us going higher in the summer months.

So, I do believe that a correction is coming, but whether or not it’s the start of the much anticipated “P3″ or just another 10% correction is yet to be known.  Just for clarification, when I say 10%, I mean a correction similar to the one’s we’ve already had… which haven’t actually made it all the way down to exactly 10%.  Each one stopped just shy of a 10% correction.  If we do go all the way to 10% this time… the bear market might be back?

If you’re a beaten up bear like me, you start becoming more cautious of making correction predictions, as I’ve been wrong so many times.  I know that every time I chart out a most likely path for any forecast correction, I get my foot stuck where the shine doesn’t shine.  I’m going to be a lot more nimble now.

Of course that’s exactly how they plan it… keep whipping the dog until all you have to do is pick up the newspaper and the dog will obey.  The government has succeeded in beating up every last bear to the point that they are either broke, just too scare to go short anymore, or have converted to being a bull.  I must admit, I’m too scare to go short… until I see the big institutions participating.  Without them selling, no down move will stick.

So, I’m expecting some selling next week… but I’m not shorting until I see how Wall Street reacts to the health care news.   There are many reason for the market to fall.  Not only is the market worried about the health care plan, but the Greece problem hasn’t went away either.  The dollar is looking bullish too.  And I believe oil is also ready to fall.

There’s also talk of raising the capital gains tax, which will drive money out of the stock market and into tax exempt investments, like municipal bonds, etc…  The longer this market stays up, the further it will fall.  That’s the really sad part for the average non-trading American, as all this manipulation is going to wipe out what little savings they have left.

You have 33 states with unemployment over 15%, and at least 5 states are ready to go bankrupt.  There are so many reason for this market to tank, that I couldn’t even list them all.  The more the government intervenes, the worst it will be.  If we had a truly free market, the bad apples would have already been removed from the basket, and some sort of real recovery could have already began.

But, we live in corrupt world where the rich get richer by stealing from the middle class to bribe the poor to vote them in office, or the candidate they support.  If you’re poor you’ll be fine as the government will give you your monthly payoff.  If you’re rich you’ll continue to sell your soul to stay that way.  And if you still have a job, then you’re somewhere in the middle… regardless of how much you actually make, consider yourself a “middle class” American.  Meaning that your role in the Matrix is to work every day to serve others.  Kinda sucks, doesn’t it?

But, at least you have the illusion of freedom.  You feel some what free… right?  Of course, you know that you’re really not free… for if you were, you could pick up and go anywhere, anytime, and stay as long as you want too.  But, with a mortgage, wife, 2.5 kids, car payments, car insurance, health insurance (which will increase shortly), and who knows what other bills… you really aren’t that free after all.

So we gamble in this casino game called the stock market, thinking that’s it’s not actually gambling because we can use some form of technical analysis to logically predict where the market is going… only to realize that the market doesn’t operate on logic, but instead it operates with the sole purpose of taking your money.  Kinda like Vegas… isn’t it?  Well, at least you could get free drinks in Vegas…

Red

The Obama gangsters have succeeded in controlling this market every step of the way, and today was no different.  Your mind is now being programmed to believe whatever lies they want to tell you.  Of course they want you to believe in a recovery of the economy, and therefore you should go out and spend the money you don’t have, and invest the other leftover money (that you still don’t have), in the stock market through your retirement plan.

However,  we no longer live in a “free society”, where the stock market is actually traded freely with real buyers and real sellers.  Now we have a market that is totally controlled by Uncle Sam.  That means that you will be parted UN-voluntarily from your savings and retirement should you decide to believe what you’ve been told.

But before they can get you to believe in the brainwashing, they must keep other’s from showing the truth about the economy by selling in masses.  They have succeed there as well… as they have them participating as planned too.

Big Institutions are now well trained dogs, that sit when they are told too.  Their master has told them to sit and wait… so that’s what they are doing.  No amount of technical analysis, elliottwave, astro or moon cycle turn dates will work until the big institutions are allowed to sell (or buy) their shares.  The small traders can’t push the market down without the big institutions… who aren’t selling until they are free from their masters’ lease.

That may be NEVER, as the government now owns a large portion of America and Wall Street is one of them!  Welcome to USSSR!  All Hail Obama!  America is the new Dictatorship, with Socialism in the market now instead of a Democracy.  We are now told what to buy, and not allowed to sell.

It’s all part of living in the Matrix.  There’s a virus running rampant in this matrix, and it’s slowing destroying everyone’s livelyhood.  It’s called the “Greed” virus, and it’s spread too fast now, and causing glitch’s in the system.  The Obama team is trying to mask it by installing the “Hope” anti-virus program.  But, the “Hope” program is actually a virus, not an anti-virus program… which will only make matters worst in the long run.

You see, what the people don’t know is that the “Hope” anti-virus program was created by the same people who created the “Greed” program.  It’s all just part of the game, to play “hide and seek” with no real intentions of finding whoever you are seeking.  But instead, just give everyone the “Hope” (illusion) of doing something to solve the problem.

Even if you don’t want to play the game, you are force to play, as laws are passed requiring your 401k, or pension fund to be invested in the matrix, where the “Greed” virus can destroy it.  Just remember that the game is designed to take your money from you, so playing it is actually gambling.

In the past… before the massive printing of free money, starting after March 6th, 2009, you could have actually increased your odds of winning by card counting, or other number crunching.  But, like any good secret, once the casino discovers what you are doing… the rules change.  Yes, now you have multiple decks to count, making it impossible to win anymore.

So, here we are… playing a game called “the stock market”.  A rigged game of course, but one you could predict fairly accurately in the past.  That’s all changed now, as the casino owners didn’t like seeing so many bears win.  Now you will either lose all your profit, (and maybe all your money)… or you will sit in cash, as NO real bear will ever go long in this market.

I’m on the “sitting in cash” side (albeit a much smaller sitting of cash… after a nice ass whipping from my master, not too long ago).  But I realize that I’m no different then many other traders out there… who have suffered greatly in this matrix.  The “Greed” virus attacks bears first of course, but when it’s done… it will have destroyed the bears, bulls, and the “non-trader’s” too!

In the end… everyone’s clock will be cleaned!

Red

ZERO…

Reasons To Be Bearish…

Lies, Lies, and more Lies… (Too many to list).

I think this time period will go down in history as the most manipulated time period ever in the history of the stock market.  I’ve been trading off and on since 1985.  Of course I don’t trade for a living, but I’ve had about 4 different time periods in the last 20 years, that I traded actively in the market.  Each time, I learned more about the market.  In the last year or so, that I’ve recently been trading again, I’ve learned enough about technical analysis to profit nicely from trading, yet I haven’t “profited nicely”.

Why?  because they don’t work anymore!  The manipulation being done by Obama and his gang of thugs is unprecedented in any previous time period in history.  You can’t tell me that the massive up move from February the 5th is normal.  This market is so overbought that it makes absolutely NO logical sense, pattern, rhythm, or rhyme!  No one in their right mind would go long in this insane market!

Of course going short is just a crazy too…  You’ll end up tied down to a table with ropes pulling your arms and legs off, by some bull as he slowly tightens them with one turn at a time.   Slow torture for the bears, and more crack cocaine for the bulls.

This is more insane then the “Dot Com” rally was!  Seriously… at least back then there was some hope or promise of a possible future superstar company that could get you rich.  Today… there’s just bad earnings, horrible future outlooks, unemployment numbers off the charts, our national debt 10 times higher, and so much funny money in the system that a gallon of milk might cost $10.00-$15.00 in the near future… when inflation finally takes hold.

Did I miss anything?  Really… how can you be Bullish on the stock market, with the economy in the worst shape since the first Great Depression?  Everyday I see this market inch higher, and I’m just shocked!  How can it continue to go up?  I swear I think the market would rally if some large city in America was destroyed by a nuke or something.  The fracking media would find some way to spin it as positive!  WTF?  … I get it, all those dead people would reduce the unemployment number, so let’s rally some more!

Sheesh… just think how pissed I be if I had any short positions in the market right now!  I don’t, as I’m sitting this B.S. out until the insanity is over.  I think it might be only safe to play individual stocks, that aren’t as heavily manipulated, then to play the overall market right now.

I hope you guys that are day trading TNA and TZA are doing well.  I don’t have the time to monitor the market all day, so I must swing trade.  This time of year is really busy for me, and that why I haven’t had a chance to comment much.  But, it looks like you guys (and gals) are doing just fine without me.  Carry on the good work gang.

And keep you eye’s out for another large fake print.  I do believe they will let their buddies know ahead of time before they tank the market.  At this point, I don’t think I will take any short positions until I see a sign.  This is truly a “once in a lifetime” event (I mean the TOTAL Manipulation of course), and standing it front of it is suicide.  Eventually the money tree will die, and the market will then work on TA’s again.

I know that I’m not the only person that thinks this way, as many others that I follow, and subscribe too (who aren’t into conspiracies like I am), are now stating that “they never seen anything like it”!  Yes, this will go down in history as the time period where the government “Was” the stock market.

Don’t forget that cash is a position… a safe position too!  I’m too stubborn to go long, plus that would be suicide right now.  I’m too scared to go short, as that would be slow torture again… which I’m tired of now.  It’s better to just hibernate until something big happens.

Red

The light volume continues to allow the market to float higher as NO Big Institutions are doing any large selling.  Why?  Simple… they all owe a favor to Uncle Sam.  Put simply, I believe that Obama, Bernanke, and Geithner are sending a message to the big boys… which is “Don’t Sell” until I tell you too.

Remember, the government and Goldman Sachs have a revolving door now.  And since Goldman and all the other big banks and institutions stole the tax payers’ money, and used it to buy up their own stock… instead of getting it back out to the economy in the form of loans, they now have too listen to what Obama and the gang wants.

What do they want?  Probably to pass that worthless piece of crap health care(less) bill (The actual bill).  I don’t know for sure of course, but Obama has been pushing it down our throats for quite some time now.  It’s his baby, and he’s not stopping until he screws every middle classed American.

I thought Bush was bad, but Obama is worst.  It’s not just the health care bill, it’s everything… from this manipulation of the stock market to the outright lies on economic reports, and of the Billion’s of tax payer dollars that was given to the crooked banks.  Sheesh… Bushs’ biggest lie was the ol’ “They got Weapons of Mass Destruction” speak.  He was too dumb to speak about the economy.

Obama is the slickest crook since Nixon (well, I guess he wasn’t that slick after all).  Of course Obama is really just a front man for the real people that run the country, behind the scenes.  I think most all elections are already planned out who is going to win, and become the next president… just like the cities are already picked out for the future Olympic games.

Regardless of who is running the country, the manipulation in today’s market is absurd.  So trying to forecast this market is just as absurd.  I’ll repeat it again… just to hear myself say it!  ”This market is EXTREMELY Overbought and should sell off some very soon (like last week)”.  Will it?  Of course not.  However, it should (might… maybe… LOL)  sell off after option expiration is over this Friday.  But a BIG Sell Off might not happen?  We’ll just have to wait and see…

Red