Friday, September 21, 2007

NON CONFIRMATION???

This CAN go on for awhile, is how 2000 top was set up, trannies topping 6 months ahead…….or more.

Trannies currently under their 50 and their 100 and 200 EMA !! NOBODY saying peep about it

ALL the while the BDI is setting records, that is because we have REAL inflation and cost of moving the raw materials keeps setting records.

When this comes apart it will get awful ugly.

Long yields have moved UP near .3% since BEN CUT!!

Housing BOOM added HUGE VELOCITY to economy, it now is limp biscuit.....and you MUST ask yourself, WHY isn't it being reflected in the data?

D

1 comment:

Anonymous said...

I saw Greenspan on Comedy central!
If you didnt see it, try and google it. How ugly? I read the China is turning up the heat regarding bond market repaitration threats agianst the US, if the US defends Tawians jurisdiction against China's.