claydoctor
Short

SPX500 what was shall be again (whisper deflation)

FX:SPX500   S&P 500 index of US listed shares
41 0 0
another cypher pattern repeating? Possibly, yes, and quickly this time, to one of the three horizontal support shown, and hopefully bounce, but that will take some severe and unprecidented action by the FED. With a FED reaction (again too late) to the currency wars China is sparking, they have to respond inbetween scheduled meetings because this aint nothing to fool around with, we need to see some backbone in yellen now. If you want to have FEAR in the markets,m just whisper the word deflation, which is something the FED cannot really control, and that is what we have folks, now, and its been creeping into play lately. Oil             keeps going lower, commodities lower, good short term, bad long term, dollar strength increasing, no real economic growth, will effect CPI             and consumer confidence soon, if not already. This bull has a spear in its side, and its bleeding to death, yet the spin has it still looking like nothing has happened.

It has been an easy time for her and them, but now is the time all good men and women need to come to the aid of their country. THEY DID NOT SEE THIS COMING? ARE YOU KIDDING ME? They should have raised some time ago, they waited too long to react, AGAIN! and now they have nothing left thy can do, or do they? No way they can raise rates, it would cripple our economy that is fragile now that exports will be so effected and multinational companies are hurting now BIG TIME, i.e. apple             ,disney, etc. . Now watch those forward guidance reports out of earnings. IT IS TIME TO DEVALUE OUR DOLLAR Like Cramer has been saying, "the stupid freaken dollar" is bad for our economy and stock market . And this China move just made it a lot worse. However, we are not a communist nation, so China can just do it, and by the way, how did they do it? They simply just said it, they didn't "do" anything. We have to "do" something to make that happen, but what? Uh Oh. The FED just got caught vacationing. The IMF told China they could not be "a" or "the" reserve world currency, until next November, when China will be president of the G-20. So China said, Ok then, we will devalue until then. I called the market top as May 18th on May18th,

And I have been in and out of VXX             for a little while now on these dips, but holding now to see how far this whole mess goes. (shorting the markets, increase in volatility not as a hedge but a play until something calms these markets, which may about to hit panic sell mode). The Dow just did a death cross.

OK yellen, we need to hear some good news, or the panic button may be pushed. I bet she tells (through her back channels) all companies to empty their cash drawers and buy back their own stock to give them some time to figure out what to do. Which is why I see this cypher playing out temporarily. But, they have said so themselves, deflation is their worst fear, and their worst fears have been realized. When that talk hits the media main stream, look out below.
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