Wiretapping

Still waiting outside and like I mentioned past week I started to pay more attention at the price action.

Just one day was enough to demolish the s&p bringing it back to the previous week levels. The most probable move would be to consider the upside from a common sense standpoint, that’s why I don’t expect it inmediately.

What I expect is more like a repeat of the Aug 9-Aug 22 cycle. I mean a type of move that starts going up to stop and drop again causing more confusion about what direction is going to take.But this could be at a lower level than it is today.

So falling first, then look like is going to go up screaming but reverse back and then by the end of August a snap rally that in structure can resemble the late June rally, where corrections were rare for entire days.

Astrologically speaking Aug 29-30 looks like make it or break it. I’m still thinking that at that moment a rallly is going to start again instead of disaster.

There’s a lot of negative information and negative mood out there for causing an intense move down taking people by surprise.

The surprise will be that with bad news, let’s say Bernanke saying: no mas help (even though is not true, as a matter of perception will look like the market lost the Bernanke put reassurance) and the market goes up anyway. That will be surprising.

The recession is closer to an end than to start a second one. The recession was only one and continuos and the first hints that things are going to improve is when some banks finally get restructured or collapse in an “orderly way”.

I mentioned it three weeks ago, but still nothing happened about the banks. If it plays out the way I think it should be really soon.

In the past three years nothing substantive was done to improve the economic situation, only time was bought but the economic gauge is in the hands of the middle class, and until the root causes are faced about that group the economy is not going to move. The households are in recession not banks or multinationals.

And to finish just a jewel from Bloomberg.

http://www.bloomberg.com/news/2011-08-21/wall-street-aristocracy-got-1-2-trillion-in-fed-s-secret-loans.html

“Wall Street aristocracy got $1.2 trillion in Fed’s secret loans”.

Please read carefully that article because that was supposed to be kept as secret stuff, so it offers a peak at the way they operate, and then consider if +/- 1.2 trillion cannot materially alter the course of a market if 20 banksters decide to do so.

And go back to 1907 and check if it was just the anonymous forces of the market reverting their opinions about market prices only or if J.P. Morgan was one of the hands altering the course of the market.

Now you probably realize why I’m trying to hone my skills applying Astrology.

I’m never going to be in that kind of meetings but no matter how secret they keep their talks I think there’s a way to listen to what their plans are.

Dan