S&P 500’s Retreat After 50% Rebound Sends Bearish Signal to Chart Watchers. I have been watching this and I must say I was not surprised to see this sort of action today. The 50% Fibonacci line was hit in the pre open and then the head fake up, that tricked alot of bulls…then KERPLUNK!!! down she goes. Today there was a lot of talk about the new developments suggested that Beijing may allow the yuan to be revalued, while this did spark a bit of a rally it was short lived. The bears came pouncing in on a feeding frenzy at the zoo and and by the end of the day, the S&P 500 was down about 20 points.

Have a look at whip-sawish action we have seen over the last 24 hours. Make me think the bears have an argument at least for a few days. The bearish engulfing pattern that has quite clearly set up in the charts is normally a warning sign that there are more red down days that could follow. So we will wait with keen interest to see what happens.

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I have found another gem for you today. And my oh my, this one is a beauty.

Dispatches investigated how well the “big five” Banks, HBOS, Royal Bank of Scotland, Lloyds TSB,HSBC,and Barclays were doing during the credit crunch.

Former City banker James Max revealed that the executives of the big five had been paid over a million pounds as well as bonuses during the 2007/8 gloomy financial year. Michael Geoghegan of HSBC, for example, was paid £1,070,000 in the 2007/8 financial year before bonus.

He tried to speak to the chief executives of the banks, even going to their head offices, but was turfed out every time.

While those at the top are raking it in, each of the “big five” banks has seen a dramatic fall in profits. For example, Barclays has seen a 33% fall while RBS made no profit at all. They’ve tried to get more money from their unfortunate customers. Higher interest rates can make banks millions, according to Moneyfacts.

The fat cats are not even worth the price they pay for their morning coffee and newspaper in the morning.

Check out the video below. It is a great watch. You will learn more about how these scammers are at the top of thier game, especially when the economy is collapsing.

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An Internet ‘kill switch’ proposed for US? That is the latest and greatest from A new US Senate Bill would grant the President far-reaching emergency powers to seize control of, or even shut down, portions of the internet.

so tell me why would you want to do this? Because of spam, Kiddy porn, attaching virus that could harm the pentagon computers?? NOT AT ALL!……

Well what ever excuse they put on it, in my humble opinion they are just trying to kill our last resort, FREEDOM OF SPEECH!  Even down to the fact that if this was carried out, those that failed to comply would face serious fines.

WHAT A JOKE! I mean where do they get off. I know that a personal friend of mine higher up, said they could start testing this within the next 12 months even over here in OZ. Yes, Even little old Australia has been caught up in this saga.

The idea of an internet “kill switch” that the President could flip is not new. A draft Senate proposal that ZDNet Australia’s sister site CNET obtained in August allowed the White House to “declare a cybersecurity emergency”, and another from Sens. Jay Rockefeller (D-W.V.) and Olympia Snowe (R-Maine) would have explicitly given the government the power to “order the disconnection” of certain networks or websites.

These mongers are just drunk with POWER & CONTROL. And tell me this!!….  what do people with power and control want more of????? YES, You guessed it……MORE POWER & CONTROL. Its as simple as that.

Realistically and only on the surface, this goes alot deeper. I feel that these guys do not want the truth to be exposed. They know that as society changes and wakes up….as I have been talking about for many years….these guys will be exposed for the fraudulent devil worshipers that they a really are. YOU DONT BELIEVE ME?  Well just wait….

Because as you read this, this waking up is happening. And the government are more aware than the people out there are! I mean I could write a book on this, but effectively the government see the internet as a dangerous vehicle for the mass wake up coming. They are scared of :-

- Majority of people waking up, not just minorities.

- Conspiracies that are cracked open and exposed.

- Government defectors Out to expose the criminals & criminalist behaiour of those in power.

- Government misdirection tactics.

- Future Government plans getting leaked out before implementation.

Are these the real reasons that they want to control the internet. You better believe it!!!!

But As scary as they are….I think these several things are only just scraping the surface really.  Makes one wonder, doesn’t it???

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S&P Analysis 16/06/2010

There is lots of stuff happening at present. But what I like is to see the charts behaving themself. Hooray! (See Below) As I type this Obama is up and talking live about the OIL SPILL ….something that is just a total disaster in my book. I was watching it all the way up until he said something about  BP Gulf Spill a Call to Action to Cut U.S. `Addiction’ to Oil … pretty stupid comment as it has nothing to do with this in the first place. Not really a fan of the man, and I am sure the way he is handling this will not go well for him in the coming months.

OK enough rambling….lets take a quick look at the charts.

We are still seeing a possible head and shoulders on the charts play out. For me the break yesterday is firming our views that this right shoulder at 1150 might infact play out. Also contributing to this is the nice double bottom that we have seen at around the 1040 level. The 1110 was the top resistance to that pattern and that is again, solidifying our 1150 level. More like a double confirmation for now anyway. There could be negative news to break this current action, and anything is possible. But this action is more on the bullish side for now.

It will certainly interesting to see the action over the coming days and weeks for sure. Because we are at a critical juncture here, and this post will be important for those out there who are trading these markets. Good Luck!!!

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Moody’s downgrades Greece’s debt to ‘junk’ status yesterday in a move that was bound to happen anyway. I can not say I am suprised.

Moody’s Investors Service on Monday downgraded Greece government bond ratings into junk territory, citing the risks in the euro zone/IMF rescue package for the debt-laden country.

The agency downgraded the rating by four notches to Ba1, placing it one notch into junk status. The outlook is stable.

Moody’s also downgraded Greece’s short-term issuer rating to not-prime from Prime-1. It is what we have been explaining for a long time.(Reuters) They scream recovery but look what is happening. I am sorry to say that you have not seen anything yet.

So do you want the bad news first or the good juice? Ok…well….Ummmmm I will just lay it on you.

The bad news is things will start to get worse, but not yet. The Good news….SIMPLE!!! when things do get worse you can actually profit from people panicing out there. There are lots of ways actually. One of my favourite ways is through the stockmarket or currencies. But there are lots of other ways you can do this but you have to know what you are doing?.

If you are one of those people that sit back and wait for things to happen this is not a good era to be living in. But if you are a self confessed go-getter and will give almost anything a go. Well I can say to you that no matter what happens,  you have already proven to be a good candidate to succeed in the coming times.

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Asian Stocks Rise on Speculation Global Recovery Still Intact

Looks like the blindfolds are back on.

Well it sure appears that way! But I will give you a hint….Over the last month the market has been down. The BP oil spill has been on every major news network around the world, the EUROPEAN crisis is sinking to its all time low. Nothing but negativity.

Through this time  trading the market has been fun and profitable, but I am very cautious at the moment. WHY? The charts and our NEWSLETTER MEMBERS have our recent alert and after spending many hours doing some analysis I think that news always comes out in the charts first. And I still feel this is the case.

For a while now I have been seeing a trend we call GOOD COP BAD COP. Let me explain. For weeks we heard of nothing but bad news while the market went down. Now the tone seems to have changed. We are hearing bout South Africa and the massive world cup game and celebrations yada yada…the friendly comes to visit us its seems.

BP claim to mysteriously have fixed some of the oil gushing into the coastline waters, and the european debt has almost but vanished from the prime time new hour. HUH? yes, I have been scratching my head also. But it is the game they seem to play very well.

We do things equalize out for a while, I think the real damage will come in the fall of this year. So we do have a plan for how to trade this, and so far it is going to plan. Our IMAFIA has been doing well, and I hate to put him in the corner like a naughty child and just ignore him.

Even though as we forecast, there are rough times coming, we still see this happening, I see there is massive opportunties coming that can make you alot of money.  (ESPECIALLY IN THE GLOBAL MARKETS)  and in many other areas as we are syphening them out and helping our members profit from these many trends coming before they sprout up.

Asian Stocks Rise on Speculation Global Recovery Still Intact. Same story they have been telling everyone for the last 2 years or so. Need I say more!!!

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