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The bears seem in control of the markets - Dow negative on the year as of Friday


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2014 Oct 12, 4:21am   1,176 views  3 comments

by darlag   ➕follow (1)   💰tip   ignore  

Elliott Wave update for week ending 10/10/2014

The Dow Jones Industrial Average has steadily declined since it peaked on Sept. 19th. There are multiple interpretations of the current structure, including a bullish one that could see the Dow recover to new highs. But there is overwhelming evidence pointing toward further declines in both the Dow and the S&P 500.

The Dow continues to make new lows, closing Friday with a negative return for the entirety of 2014. At -0.2% for the year, it joins the S&P 600 Small Caps (-8.2%), the S&P 400 Mid Caps (-2.8%), the Russell 2000 (-9.5%), and the Value Line Index (-4.33%) in negative territory for the year. The S&P 500 is not far behind.

Dow:
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-wave-update-for-week-ending-10102014/

S&P 500:
http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-week-ending-10102014/

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1   Bubbabeefcake   2014 Oct 12, 7:14am  

Yes, because what you're seeing is that the market priced in QE forever under bernanke and the Fed worked hard to condition for a full taper and interest rate increase... Watch them fully taper this month but give a very hard dovish stance of the future where the Fed has your back but in the end interest rates will rise and no more QE.

The market will break but the Fed's propaganda will point to Russia, high frequency traders, congress, and etc.....

If the Fed continues with QE, then they'll be linked to the decay of pensions which gives politicians the argument to take control of the Fed away from banker interest and QE to fully focus the needs of the state which is how the ECB is entangled with Germany.

The Fed will not give up its freedom, the Fed must hide in mystery.

2   darlag   2014 Oct 12, 11:09am  

Bubbabear says

The Fed will not give up its freedom, the Fed must hide in mystery.

The FED's days are numbered. Those that fail to understand that and continue to put their faith in the FED's ability to keep the markets levitated indefinitely will suffer greatly. This 4-part series explains how the FED came to be and how it will eventually be a victim of its own hubris.

http://www.globaldeflationnews.com/the-creature-from-jekyll-island-the-end-of-the-federal-reserve-system-part-1/

3   ttsmyf   2014 Oct 12, 12:37pm  

Did you see this?
http://patrick.net/?p=1250706
Breakeven of Real Dow over 14 3/4 years.
The conpersons say: DON'T LOOK!

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