Secular Bull Market Confirmed

They drank a bit too much this weekend over at SlopeofHope. Rooting for the Canadians, eh? This comes from their PPPT (plunge protection protection team). Enjoy, and read to the very end:

All indicators, both technical and fundamentals have just confirmed a secular bull market.

The future has never been clearer to us. Forget every bearish analysis you have ever read - 1937, 2004, 1929. ... Great grand supercycle bull rally is upon us. Fundamentally the explantion is simple - money printing. Just like Zimbabwe's index went up 2000% when their currency devalued to nothing, the Dow is about to explode to the upside. Cross commodity correlation have also independently confirmed this uptrend. The market is at an inflection point, and the outcome is a burst higher. You will miss out if you are not loaded on the long side, and if you are short you should be very concern. As you can see from our very detailed charting using Prophet 5.0 charting software by Tom Night (contact us if you wish to buy a copy)

 

The inverse head and shoulder pattern has confirmed a secular bull market for at least the next 10 years. We are expecting a push higher as part of Wave C of 3. Fibonacci calculations are expecting at least a DJIA target of 21439 (ie 14150/21439 = 0.66).

We are going all in long!

Bulls and Bears, please post this on as many blogs as you can.

Note to bears, please highlight the rest of this post with your cursor:

We are NOT bullish, but as a contrarion we need to get the message out there that we bears have given up. If we keep telling everyone how bad the market is, Goldman and gang will continue to pump the markets higher. So lets all jump into a bull suit, and spread the bull propaganda! When you see the message above across Bloomberg, CNN, CNBC, etc, our mission is complete and the cataclysmic crash we expect is due.

Full cooperation is required especially from all webmasters (Tony Caldaro, Tim Knight, Guy Lerner, Corey Rosenbloom, Mish Shedlock). Do not forget to change the colour of the font of this section to blend in with the background so that it is completely invisible. If bulls are able to decipher this hidden message, our plan will fail and the Dow could go to 21439 with all the money printing!

Comments

[Roger D.]

The top is in. lmao

[DG]

The "Zimbabwe" scenario has always seemed to me the only realistic "new highs" scenario. Talk about destroying the village to save it.

[Michael]

Duncan,

Carl Futia ( who you have highlighted before ) is projecting 1150 SPH over the short-term given that the market has closed above the 1113.75 area for the current futures contract and into the third "36 Point Box".

http://carlfutia.blogspot.com/

[Ben]

But but, Prechter said inflation isn't possible. We would all see terrible deflation....

I paid off all my debt, because Prechter said so. I sold my business, because Prechter told so...

I sold all my gold at 560, because Prechter said so:

http://www.gold-eagle.com/editorials_05/images/swagell030606a.gif

I went short 200% short in august, because Prechter said so...

[Mark]

Had me going. I can actually see a continued bull market mainly because of all the bears who may get squeezed. We still have a higher low on the S&P, and until that happens I still think we are going higher after a complex consolidation. I think the dollar has formed an ABC and not the workings of a 123. Further devaluation is highly possible.

Former owner of CEO-Trader

[Ed]

If he's basing this call on the Zimbabwe model, then these guys need to take an junior level economics class....Hyperinflation does not happen in credit based economies. Zimbabwe or Wienmar Republic were NOT credit based systems, the currency was used for money...Big difference if you bother to go to the work of understanding the difference.

Also, he needs to understand there is a major difference between "money printing" and monetization. Guys like this show a gross misunderstanding of economics. I hope they don't have too many followers, because they are morons...I'm not saying the market won't go higher, but its not going to be because of "money printing"....

[Roger D.]

By the Expanding triangle in the Valueline I doubt we have much time left. This probably will set up multiple non-confirmations in the various averages.

Probably the greatest stock market bubble in terms of rise/time squared,and as I have repeated ad nauseam to many,the setup for a historic financial panic. Yes one day soon we will all wake up and the futures will be limit down and probably continue for 3 or more days.

It's gonna happen and you can thank your central banker.

Roger

http://www.screencast.com/users/fast996/folders/Default/media/d6bff143-ea14-4cfd-a5da-0adc574ab3e9

[David]

i like this post... :-)

anyways, i have posted an updated spx count for anyone interested.... so far it has played out well.

http://www.tradeyourwayout.com/2010/03/spx-60min-update-moment-of-truth.html

[voice of reason]

Don't get cute, moron. You don't know squat. You have no clue whether inflation or deflation or noflation will happen and when. You can and probably will get steamrolled if you try to make money in the market. You are playing against the house. The house always wins. Inside information, speed, low/no transaction costs. Bloghead elliott gann stochastic fibonacci fractalheads do not become rich. They become poor and obsessive and bitter.

Have a nice day :)

[Roger D.]

Some boys kiss me, some boys hug me
I think they're O.K.
If they don't give me proper credit
I just walk away

They can beg and they can plead
But they can't see the light, that's right
'Cause the boy with the cold hard cash
Is always Mister Right, 'cause we are

Living in a material world
And I am a material girl
You know that we are living in a material world
And I am a material girl

Madonna - "Material Girl"
Robert Rans and Peter Brown

http://us1.institutionalriskanalytics.com/pub/IRAMain.asp

Only loaned (and thus borrowed) capital promotes economic growth.

The Fed's puerile thought process is that "all yield is the same", "all borrowing cost is the same", and "all credit source is the same." This is a chimera. The Fed is incapable of producing capital, even by printing. It can produce credit and it can debase existing money, diluting all existing currency, but it cannot create capital.

Capital is created only by real production in the economy. No other action creates it. Yet the loan of capital is what gives rise to the granting of credit without debasement of all existing currency.

The Fed is powerless to do this, but it can destroy the conditions necessary for capital to be lent.

ZIRP does exactly that by ruining the incentives necessary for those with actual capital to be induced to lend that capital.

The Fed should have learned this from Japan, but refused to look at the evidence under their nose. Instead, Bernanke has continued down a ruinous ivory-tower path born out of his own fertile imagination in relationship to how markets and incentives actually work, conflating the concepts of "money", "credit" and "capital."

Addressing this problem and correcting it requires admission that both Paulson and Bernanke, along with Summers and Geithner, were wrong.

[Roger D.]

"Only loaned (and thus borrowed) capital promotes economic growth.

The Fed's puerile thought process is that "all yield is the same", "all borrowing cost is the same", and "all credit source is the same." This is a chimera. The Fed is incapable of producing capital, even by printing. It can produce credit and it can debase existing money, diluting all existing currency, but it cannot create capital.

Capital is created only by real production in the economy. No other action creates it. Yet the loan of capital is what gives rise to the granting of credit without debasement of all existing currency.

The Fed is powerless to do this, but it can destroy the conditions necessary for capital to be lent.

ZIRP does exactly that by ruining the incentives necessary for those with actual capital to be induced to lend that capital.

The Fed should have learned this from Japan, but refused to look at the evidence under their nose. Instead, Bernanke has continued down a ruinous ivory-tower path born out of his own fertile imagination in relationship to how markets and incentives actually work, conflating the concepts of "money", "credit" and "capital."

Addressing this problem and correcting it requires admission that both Paulson and Bernanke, along with Summers and Geithner, were wrong."

http://market-ticker.denninger.net/archives/2024-The-ZIRP-Trap.html

[twitter.com/DrBubb]

Carl Futia ( who you have highlighted before ) is projecting 1150 SPH over the short-term given that the market has closed above the 1113.75 area for the current futures contract...
== ==
Does Carl pay any attention to volume?
It is hardly confirming a Bullish move here. Also, we had a Bradley turn date on Monday, if I am not mistaken.

[Roger D.]

http://www.screencast.com/users/fast996/folders/Default/media/6f2fc5e6-9759-454b-8132-75c3df1cffee

The S&P 500 Cash

Hardly a bullish scenario

[Hank Wernicki]

This may happen :

http://www.elliottfractals.com/marketview_interview.html

[Ant]

Taz

What do you make of the ASX200 this morning - key reversal off marginal new high or breather before RBA announce interest rates and we get out the party hats

[Anon]

Many governments are trapping themselves in the monetization spiral. Having ZIRP policies (or in reality negative real interest rates) forces money away from lending and towards owning with leverage where possible. However, the governments can't afford to let rates go up, due to their servicing costs (and resultant taxes) and due to the strain on their citizenry, so they monetize i.e. become the lender of last resort.

You simply need a chronic problem in the economy that will keep the government from having the ability/will to let things normalize ex. high unemployment. This latter chronic problem can be sustained by ZIRP since productivity can be expanded very cheaply when considered on a discounted basis since servicing the debt is effectively less than zero. This chronic problem can also be extended with policies like minimum wages and attaching additional costs like mandatory benefits packages.

It also would help if you had an election every two years where the politicians are most worried about retaining power at any cost, particularly where they themselves don't ultimately bear the costs (i.e. kick the can game). Perhaps democracy is too much of a good thing (ex. Greece and it's future).

[Pat]

Hahaha!! Worked me up for abit there! It was like...Huh???Where did this guy crawl out from?? Cudnt stop laughing after that...thanks!

[Har]

Ya Pat. I did the same thing. LMAO

[carl]

tis almost as funny as wank with his fractals

[Trailblazer]

lol!!!!!!!!!!

Funny

[JT]

"Does Carl pay any attention to volume?
It is hardly confirming a Bullish move here. Also, we had a Bradley turn date on Monday, if I am not mistaken."

The Bradley Siderograph has not shown a very high correlation with turning points in the S&P over the last 3 years. The correlation has been much higher (83%) with Crude Oil.

[joe]

love the chart...