This page has been archived and commenting is disabled.

We’ve Taken Out All Trendlines

Submitted by Phoenix Capital Research on 03/15/2011 10:00 -0400

Things are
getting VERY ugly in the financial markets. Indeed, we’ve taken out virtually
every trendline that supported the markets from the 2008 Crash.

First off
are the emerging markets: trendline broken and retest failed.

Same goes
for THE commodity play: Brazil:

And the “growth
miracle” China:

Here in the
US, the S&P 500 has taken out the trendline that supported it from the end
of September onwards:

The US
Dollar has ALSO taken out its long-term trendline:

In plain
terms, the financial system is RED ALERT. The question now is if additional
liquidity can prop this giant house of cards up anymore.

We’re about
to find out.

Best,

Graham
Summers

PS. If
you’re getting worried about the future of the stock market and have yet to
take steps to prepare for the Second Round of the Financial Crisis… I highly
suggest you download my FREE Special Report specifying exactly how to prepare
for what’s to come.

I call it The Financial Crisis “Round Two” Survival
Kit. And its 17 pages contain a wealth of information about portfolio
protection, which investments to own and how to take out Catastrophe Insurance
on the stock market (this “insurance” paid out triple digit gains in the Autumn
of 2008).

Again, this
is all 100% FREE. To pick up your copy today, got to http://www.gainspainscapital.com
and click on FREE REPORTS.

PPS. We ALSO
publish a FREE Special Report on Inflation detailing three investments that
have all already SOARED as a result of the Fed’s monetary policy.

You can
access this Report at the link above.

- advertisements -

Tue, 03/15/2011 - 23:32 | 1059082 tiger7905

Charles Nenner's comments on Dow 5000 and war in 2012-13 don't seem as crazy as last year when he made them.

http://goldandsilverlinings.com/?p=216

Tue, 03/15/2011 - 19:10 | 1057738 Walt Whitman

Alex Jones is right; Glenn Beck does rip off his stories. He repeated this article verbatim on his March 15th show. He didn't even change the order of the charts.

Nice.

Tue, 03/15/2011 - 20:33 | 1058070 New_Meat

http://www.youtube.com/watch?v=dIIiaO12I5Q

Tue, 03/15/2011 - 18:47 | 1057646 eddiebe

Never let a good crisis go to waste is what the banksters are saying. Watch the weak crybabies sell their gold and silver to the banksters in panic and storing their losses in t bonds and dollars.

So predictable.

Tue, 03/15/2011 - 22:59 | 1058859 RockyRacoon

Might be interesting to follow this trial for a crystal ball view of the status of holding gold:

CoinWorld provides coverage of the trial of Bernard von NotHaus, creator of the Liberty Dollar.

Tue, 03/15/2011 - 18:31 | 1057582 razorthin

BTFD

Tue, 03/15/2011 - 16:45 | 1057168 Leo Kolivakis

Anyone else notice solar stocks are on fire since news of this disaster spread? As for the overall market, told you to keep buying the dips!

Tue, 03/15/2011 - 18:52 | 1057668 painequalschange

Yes, I noticed that in TAN

Tue, 03/15/2011 - 16:07 | 1057035 Psquared

The trend lines are irrelevant with the macros at work right now. However, if there is no snap back within a few days (a week tops) that irrelevance will become resistance.

Tue, 03/15/2011 - 16:02 | 1057007 r101958

They (the U.S. markets) managed to drop some so the losses are in the 1.2% range. Basically, less than half of what the other major markets lost. Isn't this tantamount to taxation without representation? Someone set me straight if I am way off here, please.

Tue, 03/15/2011 - 15:59 | 1057000 LRC Fan

Any time (and I mean literally any fucking time) the Dow is -75+, the anchors pose the question if this is "a buying opportunity" (aka BTFD). And now that silver and gold are down, they are asking if it's "the beginning of a larger sell off." Unfucking real.

Also earlier they mentioned how the selloff in the morning was due to "emotional selling" while the ramp up was of course "more fundamental based."

I'm still laughing to myself from a post a few days ago that mentioned "Bob Piss-on-ya." That shit is just too good.

Tue, 03/15/2011 - 19:16 | 1057755 medicalstudent

nobody knows shit. everyone acts like they do.

'the market was (up/down) because (insert blabberingly plausible explanation coincident with tbtf interests and suitable for current public consumption)'

Tue, 03/15/2011 - 15:57 | 1056993 r101958

If ever you wanted clear evidence of Fed/Gov't support of the markets then today is a great example. I don't know of any other major market that didn't lose at least 2.65%. Only the U.S. markets managed to lose less than 1% (at this point 3:55pm). So, if you take the average losses of the other markets you can probably figure out pretty easily just how much the markets are being supported. That is not how I like my tax money being used and rest assured that we will have to end up paying for it.

Tue, 03/15/2011 - 17:04 | 1057226 New_Meat

r101-

"That is not how I like my tax money being used..."

Well, really just invented ones and zeros, not like it is from tax revenue. And the ones and zeros? Don't cost hardly nuthin'.

"...and rest assured that we will have to end up paying for it."

There is absolutely no doubt about that!

- Ned

Tue, 03/15/2011 - 15:51 | 1056972 Natasha Fatale

I feel like I'm watching a car crash in slow motion. Surreal... Terrence Mckenna's 'Timewave Zero' start date of March 22, 2011 isn't sounding so crazy anymore.

Tue, 03/15/2011 - 22:29 | 1058705 gwar5

The Mayan Calendar also predicts Dec 21, 2012 as the date of the beginning of a new supercycle.

Ooooo-eeeee-ooooOO!

Tue, 03/15/2011 - 15:44 | 1056933 cjbosk

EWJ was a nice trade today, wish I grew more hair on the boyz and really stepped it up. From 9:30 central, a nice 5 handle....

Meanwhile, everyone was running for the doors...I don't get it.

Tue, 03/15/2011 - 15:44 | 1056932 spartan117

Oops. You're going to need some new trendlines.

Tue, 03/15/2011 - 15:20 | 1056800 Racer

Everyone has been complaining that there has been no f:@}ing dip to buy, now they have given you a mighty big one, so go and just go and buy the FD!

Tue, 03/15/2011 - 15:18 | 1056799 Lazane

so goes the world, so goes the banksters, they're options have been multiplied due the Japan problem, look for the world to get in line and come back to papa sam. how they do it makes no sense, are they just more able than the rest? I supposed some believe that they are. personally would hope my best case would allow me to check out and conceal myself within the middle of a 200 acre perennial corn field.

Tue, 03/15/2011 - 17:27 | 1057317 DosZap

how they do it makes no sense, are they just more able than the rest?

If they had a CLUE, the dollar would be next to the last place you put your cash.

Safety my ass,about as safe a going to a swim party where Bawney Frawk is,and leaving your 12yr boy old for a Schwim pawty.

Tue, 03/15/2011 - 14:49 | 1056659 mogul rider

I have a hunch we haven't seen the end of the horror.

I'm going golfing cause there isn't shit I can do at this point but contribute to the Red Cross and hope like hell she doesn't blow sky high

May safety,food, and water rule the day in Japan.

Fukk the trendlines this is a human nightmare of generational proportions.

Tue, 03/15/2011 - 14:31 | 1056588 GFORCE

Mr Summers, I believe the DXY break didn't follow through.

I strongly believe that the "risk trade", is about to unwind greatly. Looking closer at FX, the COT report shows EUR speculative longs at their highest level since 2007. The market is also skewed to the upside in CAD, CHF, AUD etc. Combine this with the extremes in SPX, EEM and all commodities and it's a case of waiting for the catalyst.

Good luck

Tue, 03/15/2011 - 13:27 | 1056328 clones2

My post from yesterday...

"This could be the first day today that all 3 major indices close below their 50 DMA...

Tough to find any near-term support below the current levels. Could be an ugly week."

Well - that didnt take too long... made a pretty penny this morning. I'm guessing choppy sideways action - and I probably wouldn't want to be long going into this weekend.

Tue, 03/15/2011 - 13:20 | 1056295 krugergate

This is like jenga on mind altering plants....too bad the printing press is overheating like them nukes in japan. Look out below as they say sailor. Big waves a coming to our shore soon...silver to the moon - plus my seed vault...

Tue, 03/15/2011 - 13:49 | 1056413 CustomersMan

Good analogy, I used to play Jenga with 2 sets of blocks, it got interesting.

Good Luck, i agree.

CuzMan

Tue, 03/15/2011 - 12:53 | 1056155 Iam_Silverman

"All we need now is some major assassination of some sort and then POOF"

Where have you been? Didn't you hear, "Video Killed the Radio Star"?

http://www.youtube.com/watch?v=Iwuy4hHO3YQ

Tue, 03/15/2011 - 14:15 | 1056514 Tail Dogging The Wag

Nice little video. It's an anthem for the end.

At least we know where we will find the Bush's. Yep, down in the ranch in Paraguay and protected by BLACKWATER, sitting on top of the greatest aquifer in the world. Good call, George! but we're gonna come n getcha!

Tue, 03/15/2011 - 20:13 | 1057993 James

Awhile after George bought that property Paraguay changed extradition treaties with U.S.

Georgie's not going anywhere.

Except to Hell.

Tue, 03/15/2011 - 13:01 | 1056197 John Law Lives

This was supposedly the first music video ever shown on MTV:

http://www.youtube.com/watch?v=hiJ9AnNz47Y

The video you linked is not the original video for that song.

Tue, 03/15/2011 - 12:39 | 1056104 Cammy Le Flage

All we need now is some major assassination of some sort and then POOF. Earth feels like a real live Jenga game right now.

Tue, 03/15/2011 - 14:09 | 1056488 Tail Dogging The Wag

I wonder if we're going to give Blackhawk Ben, Wallstreet and the Banksters the same treatment Mussolini got.

Tue, 03/15/2011 - 19:50 | 1057899 victor82

Can we just arrange to leave poor Clara Petacci out of it this time?

The angry mob should never string up the mistress.

Tue, 03/15/2011 - 12:35 | 1056095 John Law Lives

The IEA says Libya's oil exports have ground to a halt:

http://finance.yahoo.com/news/IEA-says-Libyan-oil-exports-apf-441718896....

Let's see if the PPT can pump the S&P to green today. If so, what more evidence would anyone need that the market is rigged.

Tue, 03/15/2011 - 14:11 | 1056495 alien-IQ

Here's another news item that seems to have taken a back seat to the Japan tragedy:

Martial law declared in Bahrain

Following the deployment of armed mercenaries, confirmed use of nerve gas, and the compliance by al-Khalifa to allow Saudi and GCC troops and tanks to enter Bahrain in order to supposedly restore order, the Bahraini government has declared Martial law.

http://poorrichards-blog.blogspot.com/2011/03/martial-law-declared-in-ba...

And there's also this little gem:

Portugal protests: Revolt of the Generations

Portuguese society took to the streets in eleven cities on Saturday afternoon. Hundreds of thousands of people of all ages and political leanings came together to send a clear message to Portugal's political class to start implementing policies which create a future for the country's youth. How many all over Europe are feeling the same frustration?

300,000 people (at least) filled Lisbon's central Avenida da Liberdade (Freedom Avenue) shouting slogans such as "Thieves out!", "Portugal! Portugal! Portugal!", "With a precarious situation, no freedom!", "Sócrates resign!" In Oporto, the Praça da Batalha was packed full, a situation repeated up and down the country.

http://english.pravda.ru/opinion/columnists/12-03-2011/117178-portugal_r...

So it seems there are more than a few explosive situations brewing across the globe. No doubt the US market will find a way to rally off this because...well...just because.

Tue, 03/15/2011 - 12:48 | 1056139 Zero Govt

have you seen the charts above... this is the real deal not a fake ...where is the PPT then?

Tue, 03/15/2011 - 12:56 | 1056175 John Law Lives

Bull markets have pullbacks. So, apparently, do manipulated markets. It will be interesting to see how bold the Fed is in announcing more QE with commodity prices so high in the world. They are getting mighty defensive about food and energy prices these days.

Tue, 03/15/2011 - 12:04 | 1055957 Ned Zeppelin