UP UP AND AWAY

In a way, this rally may reaffirm investors feelings that the game is rigged and turn them even farther away from stocks for the LONG HAUL. Rising from outright manipulation, using the most dubious, nebulus data and headlines through the complient MSM....its all for show without much go.

The descending 200 week WAS Resistance last go round at 1219, now it is near 1197....that's my near term target and IF I was to short it would be here with stop slightly above that target.

( or a possible long if a weekly close above then using that target or slightly BELOW as STOP LOSS) BUT being allocated LONG BONDS and LONG GOLD during the rally was more sound play IMHO

ANother in a mindless series of 90% volume days was Tuesdays romp....supposedly on the ISM data that proves economy on some great mend mission? cripes! That JAPAN will lower rates to ZERO? they effectively were already....goodness.

Here many just hanging on, others outright destroyed, why the mindless dubious politicians ramble on and Wall STreet insiders have a field day with free money VIA the FED.

But bond yields at record lows...or near, and gold at record highs spells something else is afoot. IMHO

There has been a void of sellers, you will know when they are awakened, IMHO this rally is getting long in the tooth and has not much fundamental nor moral ground to stand on.

The MAIN driver of economy lays on the ground floor of its death spiral, housing for all intents and purposes has NOT been adding to economic activity, one has to ask, what IS all the hooplah about?

BUT POWER feeds on MORE power, and to NO surprise the market shows strength 2 months before NOV election time, friends NO coincidence........I STILL look towards Fridays Job report with jaundiced eye.....how it could SURPRISE to upside could ONLY come from another brilliant job of trickery, seasonal adjusting and outright fraud. SHOULD job data be ONEROUS and awaken enough sellers.....you will have some answers to this weeks romp on thin air.

D