Tag Archives: Universal income

Sep 10 2020

A Democrat Coup That Depends on John Podesta Being Joe Biden


Election 2020 is, in surrealistic Democrat reality, Election 2016 Re-scheduled

Judi McLeod image

Re-Posted from the Canada Free Press By  —— Bio and Archives—September 9, 2020

A Democrat Coup That Depends on John Podesta Being Joe Biden

To millions of still-trying-to-hang-in from- Covid-19-locked-down-Americans, November 3, 2020 is a bona fide general election.  To devious, power-crazed Democrats, it’s an out and out coup geared to defiantly deny the coming landslide re-election of President Donald Trump before going on to fundamentally transform America into a thorough Socialist State.

To pull it all off, the Democrats will need Hillary Clinton voodoo and a lot of the Mumbo Jumbo artifice they’re already putting into play.

While the Democrats and a compliant media work to kill off, not just America but the entire Western World, the people of the many lands they’re trying to cancel count on Providence and the Power of Prayer.

Scare mongering is where the Democrats excel

Scare mongering is where the Democrats excel, their latest scare tactic being people shouldn’t venture out from lock downs to vote in person because of the politicized pandemic, but should rely on the Michelle Obama-designed Mail-In Vote instead.

Smug and arrogant, the Democrat Elite are convinced they’ve finally got this one in the bag.

You won’t easily find what the Dems of the day are up to on Google—whose main stories claim it is Donald Trump staging the Election Coup— but you can on Duck Duck Go, just as Canada Free Press (CFP) found out this morning.

“If you think the Resistance to 2016 was unhinged, you haven’t seen anything yet. (Capstone Report, Aug. 2, 2020)

“Get ready for crazy if the Woke Mob doesn’t get its way. The New York Times provided a hint into how Leftists could respond to a Donald Trump victory this November. Buried at the end of a column on the media’s coverage of the election was a shocking tidbit floating a constitutional crisis.”

This is one scare mongering tactic that should be dismissed out of hand as pure bunk—resting as it does on a Parlor/War Game where former Hillary Clinton Campaign Manager John Podesta plays the role of ‘President’ Joe Biden.

During the presidential campaign, Joe Biden sometimes doesn’t seem to know who he is.  John Podesta knows who he is—he’s Joe Biden!

Enter The Atlantic Magazine: Trump Hates The Troops

“According to Ben Smith in the New York Times: (NY Times, Aug. 2, 2020)

“A group of former top government officials called the Transition Integrity Project actually gamed four possible scenarios, including one that doesn’t look that different from 2016: a big popular win for Mr. Biden, and a narrow electoral defeat, presumably reached after weeks of counting the votes in Pennsylvania. For their war game, they cast John Podesta, who was Hillary Clinton’s campaign chairman, in the role of Mr. Biden. They expected him, when the votes came in, to concede, just as Mrs. Clinton had.“

“But Mr. Podesta, playing Mr. Biden, shocked the organizers by saying he felt his party wouldn’t let him concede. Alleging voter suppression, he persuaded the governors of Wisconsin and Michigan to send pro-Biden electors to the Electoral College.

“In that scenario, California, Oregon, and Washington then threatened to secede from the United States if Mr. Trump took office as planned. The House named Mr. Biden president; the Senate and White House stuck with Mr. Trump. At that point in the scenario, the nation stopped looking to the media for cues, and waited to see what the military would do.”

Enter The Atlantic Magazine, which quoting anonymous sources, reported last week that troop-loving Trump called dead soldiers “suckers” and “losers”.

Guess they didn’t want Podesta carrying the ball on his own.

Back to Capstone Report:

“Wow.

“However, hardly unexpected. Leftists spent the last four years crying about 2016. They’ve done everything possible to overturn that election verdict. If things don’t go their way in 2020, well, it won’t be pretty.

“Violence in the streets we expect. That’s how Democrats handle things as the riots showcased over the last few months.

Mainstream press hopelessly controlled by Leftists pushing the Democratic talking points

“…The mainstream press is getting you ready for abnormally long delays in vote counting.

“The long lecture about election delay is prepping the environment. They are prepping the environment for delays–delays that will be convenient for them.

“While the mainstream press will be hopelessly controlled by Leftists pushing the Democratic talking points, there is always social media. Right?

“Wrong.

“Don’t think you’ll be able to share the truth on social media. They’ve already got a plan for how to handle troublemakers, err, I mean conservatives.

“According to the NY Times column, “Facebook’s chief executive, Mark Zuckerberg, told me in a brief interview on Saturday that he’s planning to brace his audience for the postelection period. He said the site planned a round of education aimed at ‘getting people ready for the fact that there’s a high likelihood that it takes days or weeks to count this — and there’s nothing wrong or illegitimate about that.’”

“Sure.

“Sounds totally trustworthy.

“In earlier eras, election results typically were known on election night. Which forces any of us to ask: What are Elites trying to do this time?

You can count on Democrats trying to steal the election

“Oh, and we better ask that question now because as the Times’ Ben Smith explains, social media companies will control the flow of news about the election.

“And he said that Facebook is considering new rules regarding premature claims of victory or other statements about the results. He added that the company’s election center will rely on wire services for definitive results.”

“New rules mean new ways to suppress conservatives.

“That’s what it always means in Silicon Valley.

“The New York Times is giving you a sneak peak into November. If the election is close, you can count on Democrats trying to steal the election. That’s what we face in America 2020.”

Fight ELITIST SUPPRESSION—Make CFP Your Go-To Home Page!

Election 2020 is, in surrealistic Democrat reality, Election 2016 Re-scheduled

Resistance Leader Barack Obama Coup d'etat

“More than anything else, Election 2020 is the final coup d’etat in ‘The defamed and dramatized Russians-Stole-the-Election Series’;  the still alive and kicking Big Lie of the Democrats and the Media. (CFP, Aug. 6, 2020)

“When November 3 comes to pass,  it will be plain to see that there was no such thing as Election 2020—because Election 2020 is, in surrealistic Democrat reality, Election 2016 Re-scheduled.”

The reality is that John Podesta, no matter how hard he wishes it, is not Joe Biden, but is the failed campaign manager of Hillary Clinton’s humiliating defeat in 2016.

Even if Biden were to somehow win the 2020 presidency,  someone in his cognitive-challenged state can’t be counted on to mouth the words foisted upon him by the Democrat Elites.

Meanwhile, all the Dems really have for their Election Coup is their Mumbo Jumbo, while the little people getting ready to Vote In Person have the ever more powerful Power of Prayer.

 

Sep 10 2020

To genuine black leaders: what works and what doesn’t work


Do you really think Black Lives Matter and ANTIFA have a clue, or care, about black economic prosperity?

Jon Rappoport image

Re-Posted from the Canada Free Press By  —— Bio and Archives—September 9, 2020

To genuine black leaders: what works and what doesn't work

There are some hard facts.

Your greatest victory would be ridding your inner city neighborhoods of major gangs.

They are holding back your communities from any hope of gaining a secure economic foothold in society.

(To read about Jon’s mega-collection, The Matrix Revealed)

To accomplish this awesome task, you need help.  Think about how the New York mafia stranglehold was broken.  It took the passage of a federal RICO law; and then the use of that law to prosecute and convict significant numbers of mafia members and leaders, for running “continuing criminal enterprises.”

If you want to stage meaningful efforts, there you have it.  You want RICO applied to major gangs in American cities.  And you want it now.

Of course, you’ll have to give up the strategy of blaming the police as an overall strategy for explaining your troubles.

Every ethnic and religious group in the history of the world has two common denominators.  A story about oppression, and a desire to gain a firm economic foothold in society.

Every oppression story contains truth, and it’s also embellished, in the sense that it’s sold long after its most violent period is past.  The story can be useful at times, but it doesn’t carry the necessary freight to accomplish economic goals. Far from it.  It can have negative blowback.  It can turn into widespread “blame the oppressor”1 as a device to force economic progress.  Which, at the root, is counter-productive.  It doesn’t work.

You have more pressing problems.  Gangs.  Drugs.  Black-on-black crime.  Absent fathers.  Too many people living on welfare—-which was designed as a palliative to pacify and hold down the population.  It has worked far too well.

Forget about tapping government money as a main source for boot-strapping your communities into long-term economic prosperity.  Ditto for charity doled out by the rich.  These sources don’t make a black economy succeed, long-term.  In the end, they drain money and resources away from that struggling economy.

Here’s a recent report you should be interested in.  During the COVID lockdowns, 440,000 black-owned American businesses have shut their doors, and most of them won’t come back.  That’s a missile attack aimed at the heart of progress.  Consider the blood, sweat, and tears the business owners have poured into keeping their enterprises alive for years and years.  And it’s all going up in smoke now.

On a related note, those black groups who are dead set on promoting socialism (or outright anarchy) as an economic solution are not your friends.  Find out where their funding is coming from.  Take a deep dive into the background and activity and agenda of George Soros.

Do you really think Black Lives Matter and ANTIFA have a clue, or care, about black economic prosperity?  They’re running your future into the ground.

If you don’t want widespread black economic prosperity—-via free enterprise—-you’re going against the history of how every ethnic and religious group has achieved stability.

Once an ethnic group gains a strong and permanent economic foothold, other benefits follow.  For example, relations with police automatically improve.  And where they don’t, you could exert the kind of effective pressure that deals from a position of strength.

Teaching the young to “stand up for their values” turns into an empty suit in about five minutes, unless there is a pathway to some kind of economic prosperity.  It becomes “blame the oppressor,” which is ultimately a dead end.

Where pro athletes are going with their protests will not be productive.  They kept their mouths shut when NBA relations with China suddenly wobbled.  They protected their shoe contracts, and turned a blind eye to what are euphemistically called “human rights abuses” in the People’s Republic.  And now, they want…what?  They know they collectively have the power to destroy their leagues, but is that an advantage?

If these athletes re-routed the money they give to “black community improvement,” and instead, with competent advice, and with major discipline, invested in black-business start-ups, and existing black businesses that have a chance of success, the whole framework of progress would be shifted.

Face it, the athletes are getting incompetent advice.  And, in the pomp and circumstance of “social justice,” they’re being enabled by white liberals, who don’t really care about authentic black progress at all.  Malcom X figured this out 60 years ago.  The forgetting that then set in was no accident.  The so-called liberal establishment is morally bankrupt.  The men behind the curtain who control the establishment are intent on using the black community to sow chaos and destruction across the landscape, and lead the nation into a new normal that no one in his right mind wants.  That is its own story for another time.

I will say this.  The current defamation campaign and assault against capitalism and free enterprise will have no greater negative impact anywhere than in the black community.  It will undermine every effort launched toward finding a better life.  So why are black groups leading that campaign?  Obviously, somebody wants destruction.

Meanwhile, if you have an open channel to LeBron James, ask him when he’s going to demand immediate RICO prosecution of inner-city gangs…

Once he recovers from the shock of the question, tell him a winning RICO case would earn him the championship ring of a lifetime.

  1. Instead of “blame the oppressor,” first engage in “find the most serious oppressions.”  Then find the oppressors, expose them, and demand change.  I’m talking, for starters, about environmental toxicity in black (and Latino) communities.  See, for example: Center for American Progress, “5 Things to Know About Communities of Color and Environmental Justice,” April 25, 2016.
Sep 8 2020

Tucker: The COVID pandemic empowered mediocre politicians


Democrats are using the coronavirus crisis to their advantage. #FoxNews #Tucker Subscribe to Fox News! https://bit.ly/2vBUvAS Watch more Fox News Video: http://video.foxnews.com Watch Fox News Channel Live: http://www.foxnewsgo.com/ FOX News Channel (FNC) is a 24-hour all-encompassing news service delivering breaking news as well as political and business news. The number one network in cable, FNC has been the most-watched television news channel for 18 consecutive years. According to a 2020 Brand Keys Consumer Loyalty Engagement Index report, FOX News is the top brand in the country for morning and evening news coverage. A 2019 Suffolk University poll named FOX News as the most trusted source for television news or commentary, while a 2019 Brand Keys Emotion Engagement Analysis survey found that FOX News was the most trusted cable news brand. A 2017 Gallup/Knight Foundation survey also found that among Americans who could name an objective news source, FOX News was the top-cited outlet. Owned by FOX Corporation, FNC is available in nearly 90 million homes and dominates the cable news landscape, routinely notching the top ten programs in the
Sep 8 2020

Tucker: What to expect after the November election


A record number of Americans are expected to vote by mail in 2020; reaction from Vince Coglianese, radio host and editor at The Daily Caller. #FoxNews Subscribe to Fox News! https://bit.ly/2vBUvAS Watch more Fox News Video: http://video.foxnews.com Watch Fox News Channel Live: http://www.foxnewsgo.com/ FOX News Channel (FNC) is a 24-hour all-encompassing news service delivering breaking news as well as political and business news. The number one network in cable, FNC has been the most-watched television news channel for 18 consecutive years. According to a 2020 Brand Keys Consumer Loyalty Engagement Index report, FOX News is the top brand in the country for morning and evening news coverage. A 2019 Suffolk University poll named FOX News as the most trusted source for television news or commentary, while a 2019 Brand Keys Emotion Engagement Analysis survey found that FOX News was the most trusted cable news brand. A 2017 Gallup/Knight Foundation survey also found that among Americans who could name an objective news source, FOX News was the top-cited outlet. Owned by FOX Corporation, FNC is available in nearly 90 million homes and dominates the cable news landscape, routinely notching the top ten programs in the genre.
Sep 1 2020

Alberta – Should it Join the USA or Be Independent?


Armstrong Economics Blog/Canada

Re-Posted Sep 1, 2020 by Martin Armstrong

QUESTION: Hi Marty,
I live (and have lived) in Alberta for a long time. The WEXIT (Alberta separatism movement) is alive and well here and so this is something to be considered for your blog.
So, Alberta part of the US and way from Justin Trudeau?? Personally I would fight this as it is a bad deal for Alberta (given US deficits and the tiny representation in the US Congress). But it is a good deal for the US as noted in the article in the Calgary Sun as noted above.
What do you and Socrates think about this entire subject?
Best regards
GA

ANSWER: That is an interesting question filled with political hurdles. First, Canada would demand you to accept part of their debt. Then to join the United States, forget the deficits since all countries have that. The question would be how about Social Security etc.

I would recommend simply separatism and independence. Joining any other government you will surrender your freedoms. As long as we have Socialism, we will never have individual freedom and Equal Protection of the law cannot exist when you treat people differently because of class. When they point to the rich, they point to Buffet, Soros, Gates, and other billionaires. The bulk of the “rich” are just small business people. The super-rich can afford to pay bribes and know how to do it. The rest of us do not stand a chance. We are exploited by not just the Socialists, but also by the corrupt billionaires who own government.

Keep your independence. Sell citizenships to raise capital. I will be one of the first in line for that.

Aug 31 2020

Fundamentals & Confidence – Which is More Important in Markets?


Armstrong Economics Blog/Basic Concepts

Re-Posted Aug 30, 2020 by Martin Armstrong

QUESTION: Mr. Armstrong, You have said that fundamentals really mean nothing because the market runs on confidence. What about the fundamentals during the 2008 crash? Didn’t the bankruptcy of Lehman Brothers send the market down and then it was supported by TARP and the central banks?

Thank you;

GD

ANSWER: The entire economy is built upon CONFIDENCE and then that moves in ANTICIPATION of events which often may never even take place. Here is a chart of the Crash of 2008. You can easily see that the bankruptcy of Lehman was not really that devastating. Then you look at when the government passed TARP on October 3rd, 2008. The Dow fell from over 10,000 to mid 7000 levels in 5 days after TARP.  It consolidated briefly but continued lower into the week 0of March 2nd, 2009. Obviously, the market continued to collapse as CONFIDENCE declined and there was NO INDICATION that the government intervention ever worked including the monetization by the Fed.

I have made it very clear that LOWERING interest rates has NEVER saved the day. The $700 billion they handed banks saved the banks, but they NEVER lent the money out. They lacked the CONFIDENCE that the crisis would end soon so they would not lend money and simultaneously people are NOT going to borrow to “stimulate” the economy when they too fear the future is just unknown. These theories are made up by academics who have NEVER traded in their lives. It is impossible to understand these concepts without hands-on experience.

This is what Socrates writes for each day during the crash. You have to approach this objectively. There are more than 70 independent models correlating together to produce these results. Then everything must be looked at also from an international perspective. Internationally, Lehman had more of a bearish impact whereas TARP was seen as more positive internationally. What a difference currency makes.

Friday October 3, 2008

The Dow Jones Industrials made a new low penetrating the previous session’s low and then closed below that level plunging significantly again by 4.75% which strongly suggests we are entering a potential crash mode position. A break of today’s low of 1031025 during the next trading session will warn of a potentially serious decline ahead especially if it closes below today’s low again. The last important high was formed on Monday August 11th at trading days ago. Our projected support for tomorrow lies at 1018098 and a break of that level can set in motion a panic to the downside. Hence, pay close attention at this time.

We did close above the previous session’s Intraday Crash Mode technical support indicator which was 997310 settling at 1048285. The current crash mode support for this session was 999652 which we still closed above implying the market is holding for now. The Intraday Crash indicator for the next session will be 1002412. Now we have been holding above this indicator in the current trading session, and it resides lower for the next session. If the market opens above this number and holds above it intraday, then we are consolidating. Prevailing above this session’s low will be important to indicate the market is in fact holding. The Secondary Intraday Crash Mode technical support lies at 943412 which we are trading above at this time. A breach of this level with a closing below will signal a sharp decline is possible.

Intraday Projected Crash Mode Points

Today……            999652

Previous…          997310

Tomorrow…       1002412

This market has declined for 2 trading days which has been a sharp decline of 5.25%. However, we have not elected any bearish Reversals to date from the high of Wed. 1st.

The Uptrend Line from the last low created at 1036545 tied to the secondary low made on 10/02 remains as resistance standing at 1046421. Only getting above this level on a sustained closing basis will signal a rally to the upside.

Currently, the market remains quite bearish below all our system support indicators with resistance starting at 1037142. The broader cyclical system indicators are also in a bearish position while the long-term trend and cyclical strength are bearish. This market has technically been trading beneath our projected envelope of support at 1050088 warning this decline has been rather reasonable down 10% from the high made 09/19. We have elected all four Bearish Reversals from that high showing weakness.

 

Monday October 6, 2008

The Dow Jones Industrials made a new low penetrating the previous session’s low and then closed below that level collapsing substantially again by 11% warning this market is entering a Panic Sell-Off. Penetrating today’s low 952532 and closing beneath it will tend to confirm that warning. The projected support for the next session lies at 907292. Penetrating this level intraday would warn of a panic to the downside becomes possible which strongly suggests we are entering a potential crash mode position. A break of today’s low of 952532 during the next trading session will warn of a potentially serious decline ahead especially if it closes below today’s low again. The last important high was formed on Monday August 11th at trading days ago.

Our projected support for tomorrow lies at 935730 and a break of that level can set in motion a panic to the downside. Hence, pay close attention at this time.

We did close above the previous session’s Intraday Crash Mode technical support indicator which was 999652 settling at 1032538. The current crash mode support for this session was 1002412 which we penetrated intraday and closed below warning this market is in a panic type sell-off. The Intraday Crash indicator for the next session will be 907292. Normally, when you open back above this pivot number or closed back above it then the sell-off is subsiding. So, watch this number which is dynamic for it changes with each session.

Intraday Projected Crash Mode Points

Today……            1002412

Previous…          999652

Tomorrow…       907292

This market has declined for 3 trading days which has been a sharp decline of 12%. However, the overall decline has been more pronounced falling for 11 trading days. In the process, we have elected all four Daily Bearish Reversals from the high of 09/19.

Our projected pivot point remains as resistance standing at 1029645. Only getting above this level on a sustained closing basis will signal a rally to the upside.

As of now, the market remains quite bearish below all our system support indicators with resistance starting at 1036545. The broader cyclical system indicators are also in a bearish position while the long-term trend and cyclical strength are bearish. This market has technically been trading beneath our projected envelope of support at 1045207 warning this decline has been rather a spectacular crash down where emotions run high 17% from the high made 09/19. We have elected all four Bearish Reversals from that high showing weakness.

 

Tuesday October 7, 2008

The Dow Jones Industrials made a new low penetrating the previous session’s low and then closed below that level plunging significantly again by 8.58% which strongly suggests we are entering a potential crash mode position. A break of today’s low of 943667 during the next trading session will warn of a potentially serious decline ahead especially if it closes below today’s low again. The last important high was formed on Monday August 11th at 1186711 which was 41 trading days ago. Our projected support for tomorrow lies at 928188 and a break of that level can set in motion a continued panic to the downside where extreme support lies at 907521. Hence, pay close attention at this time.

We did close below the previous session’s Intraday Crash Mode technical support indicator at 1002412 settling at 995550 which alerted us to a further decline was likely going into the instant session. The immediate crash mode support for this current session was 907292 which we have now closed back above suggesting the crash is subsiding. The Intraday Crash indicator for the next session will be 907521. Now since we closed back above this indicator in the current trading session, then holding above this indicator for the next session will imply the decline is subsiding. The Secondary Intraday Crash Mode technical support lies at 906159 which we are trading above at this time. A breach of this level with a closing below will signal a sharp decline is possible.

Intraday Projected Crash Mode Points

Today……            907292

Previous…          1002412

Tomorrow…       907521

 

This market has declined for 4 trading days since the last high established at 1088252 from which we have witnessed a decline of 13%. However, the overall decline has been more pronounced falling for 12 trading days which has been a decline of 17%.

Granted, this decline has penetrated the previous key cycle low established at 1045944 and it is sharply lower by 18% from the last high made 09/19. Most importantly, this market entered Crash Mode 3 days ago. This type of pattern warns we are in the throes of a near-term correction which is rather serious at this moment.

Interestingly, this market has fallen down for 5 days from highest close closed below the previous low warning that the market is still vulnerable. The next projected target support lies at 990658 and we have already broken below two extreme projected technical support levels. Naturally, any short position should include a protective intraday stop above the previous high for now.

 

Wednesday October 8, 2008

The Dow Jones Industrials made a new low penetrating the previous session’s low and then closed below that level plunging significantly in panic mode for the fifth consecutive time by 9.17%. This does warn that this market is in crash mode position right now. A break of today’s low of 919478 during the next trading session will warn of a potentially serious decline ahead especially if it closes below today’s low again. The last important high was formed on Monday August 11th at 1186711 which was 42 trading days ago. Our projected support for tomorrow lies at 902755 and a break of that level can set in motion a continued panic to the downside where extreme support lies at 885724. Hence, pay close attention at this time.

We did close above the previous session’s Intraday Crash Mode technical support indicator which was 907292 settling at 944711. The current Crash Mode support for this session was 907521 which we closed above at this time. The Intraday Crash indicator for the next session will be 885724. Up to now, the market has been holding above this Crash Mode indicator in the current trading session, but it is still declining sharply. Granted, it is also moving lower for the next session. A consolidation would only be suggested by opening above this target, and holding this session’s low of 919478 intraday. However, a break of this session’s low followed by a closing below this level as well will warn that a continued sharp decline is still in motion.

Intraday Projected Crash Mode Points

Today……            907521

Previous…          907292

Tomorrow…       885724

This market has declined for 5 trading days since the last high established at 1088252 from which we have witnessed a decline of 15% qualifying this as a correction. However, the overall decline has been more pronounced falling for 13 trading days which has been a decline of 19%.

Granted, this decline has penetrated the previous key cycle low established at 1045944 and it is sharply lower by 20% from the last high made 09/19. Most importantly, this market entered Crash Mode 4 days ago. This type of pattern warns we are in the throes of a near-term correction which is rather serious at this moment.

Interestingly, this market has fallen down for 6 days from highest close closed below the previous low warning that the market is still vulnerable. The next projected target support lies at 966672 and we have already broken below one extreme projected technical support level. Naturally, any short position should include a protective intraday stop above the previous high for now.

Factually, the market remains quite bearish below all our system support indicators with resistance starting at 1031025. The broader cyclical system indicators are also in a bearish position while the long-term trend and cyclical strength are bearish. This market is also trading mostly below the bank of eight moving average indicators suggesting it remains in a mixed posture for now.

This market has technically been trading beneath our projected envelope of support at 1017578 warning this decline has been rather a spectacular crash down where emotions run high 19% from the high made 09/19. We have elected all four Bearish Reversals from that high showing weakness.

 

Thursday October 9, 2008

The Dow Jones Industrials made a new low penetrating the previous session’s low and then closed below that level collapsing substantially for the sixth consecutive time by 10% warning this market remains in a Panic Sell-Off. Penetrating today’s low 857919 and closing beneath it will tend to confirm that warning. Our extreme projected underlying support for tomorrow lies at 799800. This market has immediately declined for 6 trading days. This does warn that this market is in crash mode position right now. A break of today’s low of 857919 during the next trading session will warn of a potentially serious decline ahead especially if it closes below today’s low again. The last important high was formed on Monday August 11th at 1186711 which was 43 trading days ago.

Our projected support for tomorrow lies at 835591 and a break of that level can set in motion a continued panic to the downside where extreme support lies at 819531. Hence, pay close attention at this time.

We did close above the previous session’s Intraday Crash Mode technical support indicator which was 907521 settling at 925810. The current Crash Mode support for this session was 885724 which we penetrated intraday and closed below warning this market is in a panic type sell-off. The Intraday Crash indicator for the next session will be 819531. Normally, when you open back above this pivot number or closed back above it then the sell-off is subsiding. So, watch this number which is dynamic for it changes with each session.

Intraday Projected Crash Mode Points

Today……            885724

Previous…          907521

Tomorrow…       819531

This market has declined for 6 trading days since the last high established at 1088252 from which we have witnessed a decline of 21% qualifying this as a correction. However, the overall decline has been more pronounced falling for 14 trading days which has been a decline of 25%.

Granted, this decline has penetrated the previous key cycle low established at 1045944 and it is sharply lower by 26% from the last high made 09/19. This type of pattern warns we are in the throes of a near-term correction which is rather serious at this moment.

Interestingly, this market has dropped for several days and closed below the previous low warning that the market is still vulnerable. The projected extreme target support for tomorrow lies at 799800 which needs to hold on a closing basis to imply a bounce can form thereafter.

Up to now, the market remains quite bearish below all our system support indicators with resistance starting at 952532. The broader cyclical system indicators are also in a bearish position while the long-term trend and cyclical strength are bearish. This market is also trading mostly below the bank of eight moving average indicators suggesting it remains in a mixed posture for now.

This market has technically been trading beneath our projected envelope of support at 999397 warning this decline has been rather a spectacular crash down where emotions run high 25% from the high made 09/19. We have elected all four Bearish Reversals from that high showing weakness.

 

Friday October 10, 2008

The Dow Jones Industrials made a new low penetrating the previous session’s low after opening below it and then closed below that level collapsing substantially for the seventh consecutive time by 27% warning this market has been in a Panic Sell-Off after 7 days down. It is possible that we may have a temporary low forming. The extreme projected underlying support for today was 799800 which today’s action did penetrate intraday but we closed above that at the end of the session. Our extreme projected underlying support for tomorrow lies at 713534.

Indeed, this market has declined sharply bringing to bear the full scope of emotions in such declines. We need a higher open and a break above today’s high of 890128 while holding today’s low of 788251 to suggest a bounce is in order.

The Projected Breakout Resistance indicator resides at 865254 which we are already exceeded intraday but the market closed below it as of this session’s closing at 845119 Still, this typically implies that this market will rally to test overhead resistance if we exceed that level again intraday.

Intraday Projected Breakout Resistance

Today……            923667

Previous…          941209

Tomorrow…       865254

Clearly, this market has been in crash mode position up to now. A break of today’s low of 788251 during the next trading session will warn of a potentially serious decline ahead especially if it closes below today’s low again. The last important high was formed on Monday August 11th at 1186711 which was 44 trading days ago.

Our projected support for tomorrow lies at 760663 and a break of that level can set in motion a continued panic to the downside where extreme support lies at 745394. Hence, pay close attention at this time.

We did close below the previous session’s Intraday Crash Mode technical support indicator at 885724 settling at 857919 which alerted us to a further decline was likely going into the instant session. The immediate Crash Mode support for this current session was 819531 which we have now closed back above suggesting the crash is subsiding. The Intraday Crash indicator for the next session will be 745394. Now since we closed back above this indicator in the current trading session, then holding above this indicator for the next session will imply the decline is subsiding.

Intraday Projected Crash Mode Points

Today……            819531

Previous…          885724

Tomorrow…       745394

 

This market has declined for 7 trading days since the last high established at 1088252 from which we have witnessed a decline of 27% qualifying this as a correction. However, the overall decline has been more pronounced falling for 15 trading days which has been a decline of 31%.

Granted, this decline has penetrated the previous key cycle low established at 1045944 and it is sharply lower by 32% from the last high made 09/19. This type of pattern warns we are in the throes of a near-term correction which is rather serious at this moment.

Interestingly, this market has dropped for several days and closed below the previous low warning that the market is still vulnerable. The projected extreme target support for tomorrow lies at 713534 which needs to hold on a closing basis to imply a bounce can form thereafter.

Presently, the market remains quite bearish below all our system support indicators with resistance starting at 943667. The broader cyclical system indicators are also in a bearish position while the long-term trend and cyclical strength are bearish. This market is also trading mostly below the bank of eight moving average indicators suggesting it remains in a mixed posture for now.

This market has technically been trading beneath our projected envelope of support at 981467 warning this decline has been rather a spectacular crash down 31% from the high made 09/19. We have elected all four Bearish Reversals from that high showing weakness. We have not elected any Bullish Reversals from this low today.

Aug 30 2020

Victor Davis Hanson | Trump, China and Black Lives Matter


Victor Davis Hanson is an American classicist, military historian, columnist, and farmer. He has been a commentator on contemporary politics for the National Review and The Washington Times and is currently the Martin and Illie Anderson Senior Fellow at Stanford University’s Hoover Institution. He and John analyse the current culture war and the effect it is having on our geopolitical strategy especially in relation to China, in light of the current pandemic.