Danger could lie ahead in the S & P. Technically, this chart traces out a well known pattern called simply an 'M' Top. The neckline lies at 800 with a 2007 high of 1565. If this pattern works as advertised, we are looking at total collapse for our nations 500 largest cap stocks.
What could cause such a catastrophe?
That answer might well lie in the dollar itself and the credit rating for the US.
This administration is doing everything possible to destroy the dollar both in value and reputation. Trust in the US is waning worldwide. I often ask myself the question, how will we buy imported oil when no one wants to take the dollar any more? Honestly, I think the i's are dotted and the t's crossed on a new worldwide currency and it won't feature the face of Benjamin Franklin either. That is, if the new currency is even paper and not digital. Can you imagine never having any cash in your wallet? Everything done using some kind of funky government credit cards?
The destruction of American is being done with complete abandon and with malice and forethought.
These chart patterns for the S & P and the Dow have been many many years in the making.
If the markets do collapse as their patterns certainly indicate, we must all realize one thing. The entire disaster was absolutely deliberate. And in the end if there is to be one, we must forever understand that no government can ever be trusted and there's no such thing as conspiracy theory. We were out of our minds to allow so much power and control to go to this government. Just out of our minds.
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