WOW, VIX did breakout and did follow through as shown on the weekly chart -- and is showing secondary breakout from 31.66 to confirm a continuation hope. Hopefully, it will go to 48 and to 90 ~
Hopefully, this is a real break of LT trend and a break from the Fractal Diamond as it was in the 2007 top -- alternatively Big VLT Adam & Eve H&S. So far, TA working out perfectly as it broke LT trend in Jun, backtested the broken trend.
For the market action, it's superb, but VIX has not shown new high from the 3 days ago suggesting that the real market sentiment has not changed taking today's action as a false signal. Most of traders must be not believing today's action and waiting for march low to break -- and some would further wait to break SPX 1220.
Breaking March low 1249 would be hopeful -- even though I see leading indexes are showing breaking LT trend. We first had the break on log scale chart long term trend line break in Jun.
$COMPX 2669.24 -75.37 -2.75%
$INDU 11866.62 -265.87 -2.19%
$INX 1254.05 -32.89 -2.56%
Incredible - a perfect contrarian indicator!
100% traders are expecting markets to go up as shown below on the Maxipain chart.
No one is expecting markets will break to downside. Entire world is brainwashed.
quote:
According to the 2008 Financial Report of the United States Government, which is an official United States government report, the total liabilities of the United States government, including future social security and medicare payments that the U.S. government is already committed to pay out, now exceed 65 TRILLION dollars. This amount is more than the entire GDP of the whole world.
In fact, there are other authors who have written that the actual figure for the future liabilities of the U.S. government should be much higher, but let's be conservative and go with 65 trillion for now.
So, if the U.S. government took control of all physical assets in the United States and sold them off, it could not even make enough money to pay for everything that the U.S. government is already on the hook for.
from:
It Is Now Mathematically Impossible To Pay Off The U.S. National Debt
http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt
also see(from September 2010):
US Government 'hiding true amount of debt'
http://www.news.com.au/business/breaking-news/us-government-hiding-true-amount-of-debt/story-e6frfkur-1225926567256
According to the 2008 Financial Report of the United States Government, which is an official United States government report, the total liabilities of the United States government, including future social security and medicare payments that the U.S. government is already committed to pay out, now exceed 65 TRILLION dollars. This amount is more than the entire GDP of the whole world.
In fact, there are other authors who have written that the actual figure for the future liabilities of the U.S. government should be much higher, but let's be conservative and go with 65 trillion for now.
So, if the U.S. government took control of all physical assets in the United States and sold them off, it could not even make enough money to pay for everything that the U.S. government is already on the hook for.
from:
It Is Now Mathematically Impossible To Pay Off The U.S. National Debt
http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt
also see(from September 2010):
US Government 'hiding true amount of debt'
http://www.news.com.au/business/breaking-news/us-government-hiding-true-amount-of-debt/story-e6frfkur-1225926567256
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