Honestly, very little has changed in the past 24-hours since our last Big Picture of coming events.
- Russia and the West are pouring war materiel into Eastern Europe.
- China is still whipping up anti-American sentiment.
- Markets are getting worried at a deep core level.
- And above all, 2022-2024 is shaping up as a period when the way we live will dramatically change.
Still, on a peaceful December Monday, it doesn’t seem like anything is particularly out of place. Yet it is.
Tomorrow is likely to be the “tone-setter” for the week. That’s when Joe Biden talks with Russian president Vlad Putin. A good backgrounder on what’s in place is found in What to expect from Putin-Biden winter talks? | Vestnik Kavkaza.
The problem with these talks is that Biden is under increasing pressure to do something (even if it is wrong). The neocons are out for war and pushing every republican they can to “go warmonger.” For example, Ernst calls on Biden to be ‘very clear and very strong’ in call with Putin as US concerns grow over Russian military activity near Ukraine – CNNPolitics.
On the other hand, Adam Smith is suggesting that Biden not rely too much on US and NATO muscle in the area. Instead work the sanctions angle as outlined in Congressman Smith Advised Biden not to “Play Hard to Get” with Putin – Oreanda-News.
A part of this is what we call the Peace Problem for Globalists. How do you tell 7.6 billion mal-programmed apes they need a war so they’ll kill off at least part of the population? Naw, you hide the facts in plain sight: Global Arms Industry Thrives Amid Worldwide Pandemic Devastation. Whee!
Then there’s China (wartoo)
Unfortunately, Newsweek‘s assessment “Putin and Xi Working Together to Force Biden into a Two-Front Crisis He Can’t Win” is very close to our own. Starting with the Obama purge of military commanders who actually worried about war more than the street-corner rabble-rouser’s political correctness agenda, American military has been hollowed-out. Since Biden’s effectively Obama’s third term – and he botched the Afghanistan mess – Congressman Smith’s advice seems sound, to us.
Even more critical to the modern version of War and Peace is word of another massive Biden intelligence failure: China Seeks First Military Base on Africa’s Atlantic Coast, U.S. Intelligence Finds. We will watch to see how the CIA tries to blame this on military intel units. Denial, blame, and mis-direction central. The Bidenista socialists are running the scaled-up version of Defund the Police and will feign “surprise” at their failure. All the while, smacking you in the face China attacks potential US diplomatic boycott of Olympics. Taiwan will be taken in the fog of war descending on the planet right now.
While we will likely see a sycophant media field day tomorrow as the socialist supportive press reports D.C. delusion, and maybe fuels a “turnaround Tuesday” the markets are not out of the woods by any stretch.
Happy-talk tomorrow after the talks will just be how the market makes its wave counts.
A Wave IV Rally?
This morning we offer a fine example of how our Aggregate Index can help you see through the “fog of markets.”
Earlier today, the Dow futures were up more than 261 points. Naturally, this would lead you to expect a massive rally in the works. However, in our Aggregate Index work, a lot of the S&P and Dow futures rally was offset by a good decline in the NASDAQ. So, it really ends up looking like:
We’re just onery enough that if the market’s scream higher on the hype today, that Biden will shoot himself in the foot tomorrow. Or, conversely, if the market closes lower, then “fake progress” will be the outcome to be braced for.
THISI IS NOT ADVICE: But on our trading platform Friday, the run-up into the close triggered a long position possibility in one of the parabolic SARs. In addition, there was a final 15-minutes spike in on-balance volume, along with a bump up in fast stochastics, an upside crossover in slow stochastics, and the MACD can move higher. Depending on your platform settings, of course.
Admittedly, this is a technical view of the markets. But what they seem to be seeing with the futures pricing now able to be considered is Higher today, perhaps into the open tomorrow. Then a Turnaround Tuesday to the downside as the reality of Bumbling Biden stumbling with Vlad the Bad.
Which could lead to an overall downer of a week, since to bust out of financial hell (where we do best) the market needs a fresh all-time-high to reset the 55-days to disaster clock.
This means – to a good “market whisperer” that we are in a solid decline now and that the odds of a rhyme of the 2018 “Slaughter of the Evles” Christmas decline is likely to be reprised going into New Fears Day. The markets will be closed on December 31.
Imagine the market declining into Christmas, talk of a year-end rally on December 27… Then Putin moving on Ukraine in mid-January. Calling up Russia’s military reserves over our New Year’s period would ensure market collapse Monday January 3.
Paradoxically, depending on the twists and turns, I’ll be watching my “options power trading algo” for the next few weeks for additional clues. If there are any, that’ll be on the subscriber side.
BTC Dying: No BTCs for Me!
We called long ago that recent rally in BTC ought to run out of steam in the $64,000 area. This morning, that move is gone as BTCs were $48,704 when I looked.
Flipping over to BitCoinCharts.com you can look at the longer-term data, but to me the most worrisome wave count is this one:
“It Can’t Happen!!!”
Of course, it can: Shock to crypto daredevils joins list of scary omens in markets.
Naturally, people will tell us this is hogwash, and that block
head chain is a grand new technology. People who believe this may not have Popular Delusions, or heard about Tulips. Try Wolfram’s Mathematica, perhaps?
We – on the other hand – knowing that Bubbles are dishonest to the point of karmic cyanide. Because to make money you will sell to a stupider/greater fool than you – which is [karmically] taking unfair advantage.
We’d be a lot richer if we didn’t view this lifetime as just one of many. Like is just a Holodeck, kiddies. If you’re not playing the other levels of the Bigger Game, you’re a cretin who needs a hand along the way.
Smart phones, Second Life, and the coming Metaverse are just distractions on the real path of Lives. OK, fun ones, too. I mean, who didn’t just luv GTA, right?
Back to point then, how does BTC go away?
Imagine a fictional headline in the Washington Post some morning. “CIA Discovers gigantic Russian Ukraine rebel funding via Bitcoin”?
As soon as the existing political power structure figures out that the combined might of Antifa, Cancel, BLM, and all other Digital Uprising Groups can fund revolutions internal takedown of America without penalty? Well, this is where the existing power structure will save itself and Cancel Crypto.
Remember for contexting, we’re likely 45-days, or so, from possible War in Europe. You don’t think digital funding opp0sition sympathizers will be permitted, do you? Y’ on crack, or what?
Government can’t afford rising popularity and a drug and arms deals currency system, now, can they?
That chart should worry you. Wave 1 is the smallest of the waves. Wave 3 was the largest. I mean the count looks real-enough to me.
Besides, the last fools are boarding. An example? Tiny Palau seeks to blaze trail with official cryptocurrency. All aboard!
Know the Following
Passings: Bob Dole dies at age 98 (cnbc.com).
Presidential Material? Kamala Harris described as a ‘bully’ and ‘soul destroying’ boss. Should she take office from Biden this winter-spring, as projected stress levels could zoo-off Joe, we’re busying ourselves with journalistic preps. Trying to decide on a good moniker for her should be be an active-duty Commanderette in Chief with wars popping off. Sheesh, huh? Posible’s include Kamolini, Harrishito, ChurchKam, and so on. Send along ideas in the Comments section.
Remember, the art of good news writing is the turn of a good slur.
Those Wise New Yorker Choices, huh? “Chris Cuomo accused of sexual harassment days before CNN firing – New York Daily News…
Punish the Pure of Blood – is that how this rolls? Covid-19: Italy tightens restrictions for unvaccinated – BBC News. Can we just get to the “kill the unvaxxed” hysteria so we can move along to the Zombie Symptoms variant? When you understand how global mass consciousness has been hacked and jacked, this will make more sense. Until? Watch and wait.
CNN going for the ex-pat market? Top tips on buying a cheap house in Italy from those who have bought one.
Around the Ranch
I got the new ham radio antenna up Sunday. Works great. (More on ShopTalk Sunday next weekend – shop/prepping and making mindset in those columns).
But ISYN a $99 drone is one of the most useful ham radio tools you can find. And, I got the north end of a 60-foot high OCFD and the south end on a single battery charge which is totally cool. Less than an hour.
Dog training progresses. Elaine’s going back and forth of ’em. Mess, responsibility. Zeus is now a house cat. Which is better than being lunch, I suppose.
Happy Monday and brace for the flood and overdose of WW-II Pearl Harbor stories with the anniversary. Everyone in the family who was there is now dead, so who knows what we’ll think is useful – financial news tomorrow.
Write when you get rich,