DENIAL is NOT an option. The collapse has started.
The reason we focus on the Dow Jones Industrial Average (DJIA) charts is simply because the DJIA is composed of only 30 stocks. It is the easiest index to rig and manipulate. Therefore, if this index collapses, all of the other indexes will follow. AND, this index's weakness is a good indicator of when the Plunge Protection Team (PPT) runs out of money. Based on the recent market/index weakness, it appears the PPT is out of bullets. In other words, brace yourself for a very ugly ride down hill.
I have had numerous "professional fund managers" contact me recently, wishing to argue their case of why I am wrong. Every single one of them base their arguments of "fundamentals". And folks, that's PRECISELY the problem. We are in a valuation crisis. The fundamentals are corrupted by dollar weakness and leverage. But, NOBODY wants to examine this key root of the problem before us! Again, I remind you, this is NOT a correction, THIS IS A SYSTEMIC FAILURE or SYSTEMIC COLLAPSE. Bottom line, the SYSTEM is broken, The fiat currency system is destroying itself right before your eyes. This contagion runs through the complete global stock and bond markets. It is corrupting the commodity markets and FOREX.
The charts are clearly showing the problem in dramatic fashion! Look a today's DJIA chart.
The above chart shows the close WELL BELOW the 8 day EMA trend line (blue), and the 50 day SMA line (red). Now, look at the volume! The volume is up! That's not a good sign. Each day, the DJIA is selling off into weakness at the end of the session. Pay attention to that 50 SMA line(red) turning down, it's heading for a "death cross".
Now, look at this DJIA chart.
The green line is the 100 day moving average. Today, the DJIA is WELL BELOW both the 50 day AND 100 day moving averages. That is a STRONG down trend!
But wait, there's more....
For this chart, THAT BOTTOM GREEN LINE is the 200 day moving average!! And we are quickly closing in on it!! Just a day that is ONLY HALF as bad as today, and the DJIA will cross into a dismal down spiral that will gather more and more speed. In just 2 days, we have lost over 1,148 points on the DJIA!
Sadly, ALL of the markets around the world are doing something similar! Again, this is NOT a correction, this is a systemic collapse brought on by severely corrupted values. For those of you who are relying on "fundamentals" treating this as a typical bear market or correction, you are about to get your butt handed to you. There is not a gentle way to say it. From the top of January, we are expecting a 70% decline in value, if not more. To deny what these charts are so clearly showing is pure insanity.
Flipping through the channels of CNBC, Fox Business, and Bloomberg, the "experts" are struggling to explain this event. The honest ones are lamenting that the fundamentals are not working correctly. But. like a dog watching TV, they know something is going on in there but they have NO idea what it is! I repeat.... the system is broken, this is a systemic failure. It is impossible to remedy debt with MORE debt. And, quantitative easing has only made the problem worse to the tune of at least 300 TIMES worse than 2008!
We have strongly suggested certain cryptocurrencies to protect your wealth. We have provided links to managers that can convert your IRA and 401K into cryptocurrency investments; and, even suggested gettng into cash positions or simply hold silver. This problem is NOT going away, it must be fixed. That fix is going to be painful for Wall Street and its bankers. That's NOT where you want to be.
So, go back through this blog and read every post. We have shown you what we recommend and why. Where to buy, invest; and which coins to hold. The fat lady is singing, so, where will you be when she's finished her tune? Get busy because the time is up. From here on out, the financial world will get far more crazy. Cryptocurrencies will help you profit, and to some degree silver, but holding cash will only avoid massive losses.
Of course, looking at the cryptocurrencies market cap, it's down, and Wall Street wants YOU to get scared and SELL your cryptocurrency to them at deep discount prices they have rigged them. But, their days of rigging prices are coming to an end. Get smart, and understand what the real game is! Don't sell. In fact, if you can afford it, start buying and loading up on the cryptocurrency investments while these prices are low. They won't be for long!
Next week, when China starts their new oil/yuan/gold contracts, valuations will probably go crazy. YOU do not want to be in the middle of that. So, take a good hard look at the charts above, because there is a lot more of those to come.
This is your weekend to cram for the final! This will be the biggest test of your life! This blog is your study guide. Get busy.
I have had numerous "professional fund managers" contact me recently, wishing to argue their case of why I am wrong. Every single one of them base their arguments of "fundamentals". And folks, that's PRECISELY the problem. We are in a valuation crisis. The fundamentals are corrupted by dollar weakness and leverage. But, NOBODY wants to examine this key root of the problem before us! Again, I remind you, this is NOT a correction, THIS IS A SYSTEMIC FAILURE or SYSTEMIC COLLAPSE. Bottom line, the SYSTEM is broken, The fiat currency system is destroying itself right before your eyes. This contagion runs through the complete global stock and bond markets. It is corrupting the commodity markets and FOREX.
The charts are clearly showing the problem in dramatic fashion! Look a today's DJIA chart.
Now, look at this DJIA chart.
The green line is the 100 day moving average. Today, the DJIA is WELL BELOW both the 50 day AND 100 day moving averages. That is a STRONG down trend!
But wait, there's more....
Sadly, ALL of the markets around the world are doing something similar! Again, this is NOT a correction, this is a systemic collapse brought on by severely corrupted values. For those of you who are relying on "fundamentals" treating this as a typical bear market or correction, you are about to get your butt handed to you. There is not a gentle way to say it. From the top of January, we are expecting a 70% decline in value, if not more. To deny what these charts are so clearly showing is pure insanity.
Flipping through the channels of CNBC, Fox Business, and Bloomberg, the "experts" are struggling to explain this event. The honest ones are lamenting that the fundamentals are not working correctly. But. like a dog watching TV, they know something is going on in there but they have NO idea what it is! I repeat.... the system is broken, this is a systemic failure. It is impossible to remedy debt with MORE debt. And, quantitative easing has only made the problem worse to the tune of at least 300 TIMES worse than 2008!
We have strongly suggested certain cryptocurrencies to protect your wealth. We have provided links to managers that can convert your IRA and 401K into cryptocurrency investments; and, even suggested gettng into cash positions or simply hold silver. This problem is NOT going away, it must be fixed. That fix is going to be painful for Wall Street and its bankers. That's NOT where you want to be.
So, go back through this blog and read every post. We have shown you what we recommend and why. Where to buy, invest; and which coins to hold. The fat lady is singing, so, where will you be when she's finished her tune? Get busy because the time is up. From here on out, the financial world will get far more crazy. Cryptocurrencies will help you profit, and to some degree silver, but holding cash will only avoid massive losses.
Of course, looking at the cryptocurrencies market cap, it's down, and Wall Street wants YOU to get scared and SELL your cryptocurrency to them at deep discount prices they have rigged them. But, their days of rigging prices are coming to an end. Get smart, and understand what the real game is! Don't sell. In fact, if you can afford it, start buying and loading up on the cryptocurrency investments while these prices are low. They won't be for long!
Next week, when China starts their new oil/yuan/gold contracts, valuations will probably go crazy. YOU do not want to be in the middle of that. So, take a good hard look at the charts above, because there is a lot more of those to come.
This is your weekend to cram for the final! This will be the biggest test of your life! This blog is your study guide. Get busy.
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