Richard Russell - Fiat Money To Meet Its End (King World)

Mars - For TUE SP500 Daytrader

|2010-08-31 00:34:12

No signals ringing tonight.

A) Looking at the SP500 8-9 day wavelet cycle, it appears that FRI may have been the short-term top.
B) If you track moving averages, we have a nice pattern coming together. On my SP500 exponential moving average chart, we have a perfect 8-line alignment down (price is below 3EMA, 3EMA is below 7EMA, etc.) On a separate simple moving average chart, you can project that within several days, the 25SMA will cross below the 50SMA, and a similar alignment pattern will be taking shape.
C) On what I call my Welles Wilder Seasonality model, the SP500 has a 63% chance of closing lower than 1051.87 on SEP 23.

Misc. News:
1) end of month/first of month positive seasonality in effect 8-31 to 9-7
2) another POMO FED day = SEP 1
3) McHugh Phi Mate turn date = SEP 2
4) Bradley Model turn date = SEP 11
5) SP500 PivotProjectionModel = SEP 2

Ron Rebner

|2010-08-31 05:59:54

IMF Eliminates Borrowing Cap On Rescue Facility In Anticipation Of Europe Crisis 2.0; US Prepares To Print Fresh Trillions In "Rescue" Linen

http://www.zerohedge.com/

Ron Rebner

|2010-08-31 06:04:58

More of these to come. Sell those municipals:

Bankrupt Miami in Fiscal Emergency, Breaks Employee Contracts, Hikes Property Taxes; What You Can Do.

http://globaleconomicanalysis.blogspot.com/2010/08/bankrupt-miami-in-fiscal-emergency.html

Ron Rebner

|2010-08-31 06:25:31

I have a funny feeling about today. The weakness in the market yesterday on very light volume was not a good sign for the bulls. It almost felt like a vacuum. As Steve M. has said, we're on a cliff. If we get real selling, this market could drop big. Stay prepared.

Ron Rebner

|2010-08-31 09:26:22

Early volume is running higher than yesterday but that is not saying much as yesterday's volume was very low. A/D 's are a little positive.

MAtt - EURO flying too

|2010-08-31 09:43:02

Looks like Asia was the only down markets so far.. 3.5%- on the Nikkie.

The Euro is really flying. Guess that's what was telling us that we would see a rally here today. Gold is off it's highs too. So fear letting up some too. When I saw early this morning that slaughter in the Japan markets and Europe was bloody.
I thought we would take out 1040. But the fed's seem to have endless tricks up their sleeve's ....
Thanks for the info guys and keep up the good work.. Blessings. Matt

NV - Call to Audit Federal GOld Reserves

|2010-08-31 09:35:41

http://www.kitco.com/reports/KitcoNews20100824DC.html

Mars - No Gold = Revolt

|2010-08-31 10:08:54

If proven true.....although the market will have melted down by then....it could be a big enough betrayal to spark mass revolt.

Anonymous - The Bill comes due no matter what... look at these

|2010-08-31 09:47:22

http://news.yahoo.com/s/nm/20100831/bs_nm/us_aig_taiwan

NV - re: No Gold = Revolt

|2010-08-31 10:18:00

Mars wrote:

If proven true.....although the market will have melted down by then....it could be a big enough betrayal to spark mass revolt.

The audacity of them to vote against an AUDIT. Their day will come... the sooner the better!

NV - Biblical prophesy info

|2010-08-31 10:28:56

http://joelrosenberg.com/ezekiel.asp

Some of you have asked - I find this understandable plus many resources listed for more learning.

RE money- I am not sure it is talked about specifically in the end days but the Bible talks about money more times than any other subject. Any topical listing in the back of a Bible will give you all the verses. The bottom line is money can be the root of all evil and will not last in the end days. We are to put our trust in the Lord not tangible things or holding on to power.

Josh - Silver and Gold to the moon!!!!!

|2010-08-31 10:29:25

Silver and gold are taking off. I heard a commentary the other day that if silver closes above 19.90 that it will then test last year's high somewhere around $21. It was either Rob Arnott or James Turk who said silver should reach $30/oz by end of the year.

Mars - TUE daytrader

|2010-08-31 10:49:26

The Prodrome Model came close, but did not produce a signal this morning. Today appears similar to AUG 18 & 20, when the SP500 continued to move higher from noon EST, finished with a higher close, but then weakness manifested the following day.

Global Perspective Audience