First thing out of the hopper – for these last two working days of the week – is that markets are set to bounce. But we’re not out of the woods, yet.
Earlier, the Dow futures were pointing up 200 points and the Techs up 170, S&P up 35,
But in our Aggregate view of things, we’re still deep in the technical mud. Let’s first consider the overall view of U.S. markets using our Aggregate pricing approach. Which is based on having a sum of money in 1999, and then allocating equal amounts to tech, the broader S&P, and the Dow. As a discerning eye may see, we have come down to an important trend line – going slightly below it – and now are set to rally to the underside of trend. This is typically where the “final vote on near future” takes place.
Now, the problem with the market “coming back up to the lower trend” (previously “support” but now looking more like [overhead] “resistance” is that there is some confusion due to “hot market theory.”
HMT (which I just made up, BTW) holds that just because the “Aggregate” may be “kissing the trend” it doesn’t mean all expectations of resuming the downward slope will have been met, even with a good-sized rally today.
The reason becomes clear when we isolate out the Techs. Of course, they have been on a rip since early (now) last year. But even drawing in the suggested (by the Futures) rally today, we can see how an extension of the rally into Friday could be in the wings.
Squint if you need to, but that could be more than a one-day “wonder rally.”
The problem? We don’t expect the power shenanigans to be solved in Washington, but we’re thinking along the lines of “hope springs Eternal” going into the weekend. Which could logically be followed with “Hope fails Infernal” come Monday and the next leg down in markets would be set to resume.
Further supporting this view has been the strength in BTC which was over $96,000 when we checked first thing today. Given it’s fall from grace, very much “singing harmony” with our Aggregate index, it looks like crypto may do a little “bottom kissing” (Of the TREND channel, perv!) before resuming its corrective ways.
Of course, none of this should be taking as “financial advice” any more than a “nip of the dog” will cure a hangover. It just all makes for a Good Story. Shysters and con-men are powered by deceit, so as long as you don’t question off-topic assumptions, you’re still fodder in their sights.
Off-Topic Assumptions? Like?
Yes,, there is an off-topic view that holds something much more serious and nefarious is going on.
In case you haven’t heard, The Disclosure Project has it’s big archive of UFO/UAP data online now at dpiarchive.com. You will have to share an email and set up a password, to get in, but in return there is a treassure-trove of items the Mainstream Media has been muzzled from ‘going deep on.’
So much, in fact, that a view of the world comprised of a “break-away military industrial pharma” cabal is itching for nuclear and biowar because a) that’s where the money is and also because b) they get to maintain power and virtual control of the planet. We can call that “Faction 1.”
Opposing, then, “Faction 2” would be the OpenSource It All people. Who we can generalize as tending to believe that after 143 alien craft retrievals and 70-years of fraud on We the People (tax chattel) that we are owed a huge ROI. The pressure here is for a rising standard of living, freer (or dramatically less expensive) energy, and the release of tech like anti-gravitics. That would blow up buisiness models all over the place, though.
The “Thinking Person’s” problem is this comes down to each side having a piece of the Truth. Faction 1 was mainly, initially driven by where the dollars and the tech pointed. The Phillip Corso book, “Day After Roswell” was a major milestone on how some (just a tiny bit) of the tech was leaked. There’s an argument that “slow-rolled release” of the Nu-Tech could be orderly.
That is, until the management structure of Faction 1 wrapped into an addiction to power, which likely has a great deal to do with the benchant of neocons/neolibs to promote nuclear confrontation. Because in that kind of world, the Security State controls everything/. No questions asked. Like “Wait, the Patriot Act was all just in a drawer waiting for 9/11?” (Of course not, but you’re not supposed to be lifting the curtain the whole way.)
Faction 2 has a strong case – because they might have a better sense of history. And addictions to Power and Control can out-distance even “traditional motivators” like sexual escapades, all taped and used as black mail by Faction 1, which is one the intel community does out of the limelight.
Until there is total and complete Disclosure, we will never really know the truth behind the Kennedy assassination and 9/11 plus a host of other still classified events. Maybe it’s child-like to hold onto such dreams, but we consider it worth mentioning there’s like a bigger context to Life than most people are aware of.
Yet as Dr.. Steven Greer has been pointing out lately, the abductions, the cattle mutilations, and a great deal (though probably not all ) of the UFO/UAP sightings have been made by our own government and others around the world. A refresher on how long this has all been in play may be found in Report from Iron Mountain (On the accessibility and desirability of Peace) which came out back during the Vietnam War. Another boondoggle and why Kissinger is still revered escapes me just now.
Back on track, then? Show of Hands?
Terror Comes Home
Horrible holiday event in New Orleans. But it tells us a great deal about how editors can “stack the news” to an agenda. Take, for example, Who was Shamsud-Din Jabbar, the New Orleans truck attack suspect? | Crime News | Al Jazeera. The sub-head on their story was “The suspect in the car-ramming attack in New Orleans has been identified as a US military veteran from Texas.” A little more evenly (after all, an ISIS flag was reportedly found in the vehicle) Army Veteran Responsible For New Orleans Attack—What to Know | TIME. Was trhe flag planted? Was the perp drugged or doing free will? See how deep this can all go with questions down the rabbit hole?
RELATED: Louisiana AG Wants Sugar Bowl Postponed Until Friday, Which Isn’t Feasible.
But again, given the overarching Bigger Picture, is this just another skirmish to polarize America even more?
Seems like low-to-intermediate terror was being “run for effect” Wednesday as we reviewed Tesla Cybertruck at Trump hotel stuffed with firework mortars, gas cannisters along with 10 people hurt after gunshots were fired toward crowd at NYC nightclub. Did it all have some discernible effect? Hmm.
Rules: Bend or Ignore
The Market rally today (and maybe tomorrow) will have an assumption of “normal processes” continuing to run America. (Power and money, right?)
To do this, sometimes the existing rules won’t work. So? House Republicans unveil new rules, one which makes it harder to oust speaker. But, it still might happen. All comes down to how momentary ethics and positions on issues are with the pseudo-leaders we put in office.
Need an example? Chip Roy May Decide Mike Johnson’s Fate. Why, sounds like Rep. Roy has all the backbone of a jellyfish, but one willing to swim where the votes are. Which really isn’t too surprising given that we have tended recently to elect real estate developers and lawyers (not too many doctors and engineers) to the Oval. China’s CCP is heavier on engineers. See it?
We are all going to watch this train scroll by on television in the next few days. While awaiting a derailment.
Technical Readings
Tons piling up in the inbox: How spending decisions shape happiness in everyday life | Communications Psychology.
Another endorsement of America’s failing education system: Unmasking Cryptocurrency Fraud: Insights on Nigerian Perpetrators
Gee, guess that won’t leave much time for Insights into the molecular underlying mechanisms and therapeutic potential of endoplasmic reticulum stress in sensorineural hearing loss – PubMed. Say what?
And a Hat Tip to Jim Stone who resurfaced after a long spell of bad luck. Which may have something to do with his ability to sort out BS from Real News and Agendas. Which he is now doing again at Jimstonereloaded.com – World Class Investigative Truth. (And thanks to reader Sunshine for finding his site.)
Around the Ranch: Aging Priorities
Medical schools aren’t paying enough attention to the devastating effects of GANTT charts and Just-In-Time (JIT) supply chains on the life and DNA of old geezers like us. That’s because several of my Grand Designs and Plans – built on GANTTS and JITs – managed to blow up on me this weekend.
- The Prime Rib didn’t happen until Wednesday afternoon. It was sunny here (and warm) so working outside in front of the shop assembling a new tool chest – I lost track of time. By the “time” I noticed the lateness of the hour, the primerib wouldn’t have been ready until 8 PM. Fault: Me. Don’t eat right bexfore bed, though.
- The Straight Key Night fell apart as a knock-on effect. With prime gone, it was into the kitchen to find alternatives. But SKN was already a bust:
- The antenna I was going to put up turned out to have a blown trap assembly. Which (oh boy!) adds one more thing to the massive To-Do list. Fault: eBay seller for not disclosing, me for failing to allow enough pad time in schedule.
- The new “radio cart” which Amazon had been showing as arriving Tuesday still hasn’t shown up. It’s due today, but now I can pad for another couple of days… Won’t have time to call my East Bay buddy Mike and explain, but he’s understanding about scheduling trainwrecks.
At the 80,000-foot level, Retirement is supposed to be Golden Years. Don’t believe it; it’s PR bullshit.
The Reality is the Fun Things in Life all take incalculable amounts of time.
adjective
1.too great to be calculated or estimated.
“an archive of incalculable value”
Having (again) faced The Clock and lost, I’m in something of a fugue today because the Important and the Fun have been waging a 70-year battle before me and the Important always seems to win. Elaine – having lived to a different time-base in her life – regularly skips the important to favor more fun.
A neighbor couple will be over for drinks and to catch up on neighborhood gouge this weekend. Mr. Do List made sure to order in Mexican Coca Cola for the visitor’s Jack and Coke. Not wanting to poison guests with corn syrup. (There’s one for Kennedy’s list, BTW.) Our Lady of Fun wants to chat about cats and isn’t fixed on timing of arrival and other “small deets.”
This weekend is a biggy for us: It will be our 25th year together after meeting at the Seattle Singles Sailing Club in 2000. We still miss the boat. Moorage bills, haulouts, pumping out the holding tank? Not so much.
Mystery Solved?
Buddy who is a good engineer proposed an explanation for the odd photos on the surveillance system here that showed up Wednesday.
He explained the frequency response of the web cams is likely much greater than the PowerShot. “The web cams use a different (wider spectrum) CCD,” he explained. “This is done to give them good night vision response. But, the Canon is for optical in normal range only and so the sensor response could be driving it.”
Seems plausible. Something to chew on at breakfast.
Since I started writing this morning, the Dow has added on another 93 points. At this rate, they should pay me to write all day.
Now, go over to that new blue tool chest and hand me the back tuit from the second drawer, would you?
Write when you get rich,
Read the full article here
