Featured Post

The Science of Getting Rich: CHAPTER VII [excerpt] by Wallace D. Wattles #Gratitude

--- Gratitude THE ILLUSTRATIONS GIVEN IN THE LAST CHAPTER will have conveyed to the reader the fact that the first step toward getting ...

Showing posts with label market SPX. Show all posts
Showing posts with label market SPX. Show all posts

Thursday, September 1, 2011

Long term view $SPX - 20 year charts

---
I feel like the charts below demonstrate, quite well, the boom / bust cycles created by fiscal and monetary policy in the United States (and elsewhere).

These generated cycles allow large investment banks to make mucho fiat.. "Banks" like J P Morgan Chase, Goldman Sachs, Bank of America, Wells Fargo, Citigroup, so on so forth.. (here is a list of large banks I found)

These banks, with the complicit assistance of the Federal Reserve Bank, have used these boom / bust cycles to generate predictable profits for decades, game the system, if you will, as *I* think these charts clearly indicate.

In my humble opinion we are currently in a bust cycle and it appears, to me, to have further to go before it completes.

In part the big banks / FED depend on YOU being on the wrong side of the trade.. Don't do it anymore..
---

SPX 20 year / monthly candles



Alternative view (SPY)

Saturday, August 6, 2011

Update $SPX - initial weekly target hit

---
Here is what the charts are telling us now, IMHO.
---

SPX Daily



SPX weekly



SPX monthly



Here is my previous SPX post from Sunday, July 31, 2011 pointing out these possible targets and including a quarterly view of price action.

Review $SPX daily, weekly, monthly & quarterly charts

Thanks for your time ;)

Greg

Sunday, July 31, 2011

Review $SPX daily, weekly, monthly & quarterly charts

---

I've been calling for a top in the SPX for 2 years now.. Sooner or later I have to be right, right? LMAO

---

SPX daily (6 month)



SPX weekly (4 year)



SPX monthly (10 year)



SPX quarterly (17 year)



---

So.. what happens next?

Could debt default, in addition to all the other problems we face as a nation, be the big catalyst?

Your guess is as good as mine ;)

Greg