ADDITIONAL WEAPONRY TO CUT THROUGH AND CLARIFY THE CURRENT CONFUSION CONTAINED HEREIN

Posted By admin on May 14, 2012 | 0 comments

As all of my astute readers know, I have multiple reasons to believe we are coming up on what will be seen in hindsight as one of the better opportunities to allocate into stocks for 2012. Since we are nearing a point where smart play will rewarded through an abundance of profits, I am issuing this chart review as an addendum to the weekly review.

Unfortunately for participants in the marketplace bottoms are typically violent and unpredictable affairs. They are by nature the point where the maximum number of participants begin an orgy of emotions that gathers steam until it converges into one single point of maximum anxiety where a reversal can take place. As you can imagine, given my description of such an affair, it is not something that is subject to simple interpretation. There is disinformation on both a fundamental and technical basis that is meant to throw your nose off the scent. Fortunately, during such times I become voluntarily illiterate, digesting as little information as possible so that it does not interfere with my tracking of the proper scents.

Allow me to remind you of the fact that there has not been one important bottom in the history of mankind that occurred during a positive news cycle. They occur during periods of fear-based disinformation based on the assessments of those among us who are deemed experts. These are professors of disinformation who don't have a speculative bone in their body. There are no grey areas in their overly-contrived jargon. It is a black and white world that they thrive in rooted in data points that walk ass backwards sans pants. Not to be trusted, much less relied upon to enable you to thrive financially.

Instead of feeding into the fear by attempting to translate information that is impossible to decipher accurately in order to generate profits, let us look at what prices and sentiment are telling us here and now:

click chart to enlarge