MEGAPHONE TOP

What I'm watching, to see if we had throw over and now TEST of 1600 area, and maybe even a negating of this multi year formation.

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GOLD FORTUNES

Gold could be headed for $900 area, this is what happens when somethng begins to UNWIND, think Bonds, think STOCKS, IMHO

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PARSING FED COMMENTS

STOCKS SELLOFF IN RESPONSE TO FED COMMENTS ON "TAPERING"

If the FED backs off the back stop peddle, hopefully it is because economy can sustain itself.

Real issue is $3 T plus of bond purchases will not unwind quietly. When is last time bonds and stocks sold off in unison?

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PRODUCTION FALLS BELOW CAPACITY UTILYZATION

Be a casual observer.....what do you see in the past when that occurred?

Years late 1999....and 2007......

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NOT MUCH RECOVERY HERE

And yet the FED and friends will continue with their destructive interest rate and QE programs which are causing an even greater them and us VOID.

In a "REAL" recovery, you wouldn;t expect to see a chart like this. Just one of the reasons, IMHO I think the Bear is not over.

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TEST OF THE BREAK?

Price stopped right at the outer break of trend line, nothing is for nothing. My gut says, we rebound some, but a break now or in a few days of the upper line could spell trouble

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ISM INDEX FALLS BELOW 50.00 to 49.00

As a "casual" observer, what happens in the past when the ISM INDEX falls below 50.00?
 (economic retraction) and how does that line up with past market tops?

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NIKK COLLAPSE JUST BEGINNING?

Fall to 10,000 area very possible, as NOTHING was holding this thing up.
Watch the interest rates.....

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HAS BOND BUBBLE BURST?

IS THIS THE "BLOW OFF" TOP?

Remember that this top was formed with rates RISING, an ominous warning IMHO.

WILL HUGE LOSSES in the Bond Market force those leveraged to stampede OUT causing a rate accident?

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