For HISTORY BOOK: 10/10/2008 LT SPX & VIX ~ financial market cycle using liquidity supply/freeze
SPX 899.22 after reversing from 839.80 with the downside weekly momentum which we have not seen in financial history with VIX breakout to 76.94.
We now have full-blown financial melt down with "Bailout" bait which broke the derivative tsunami dam. This is the world illuminati money power which can manipulate boom and bust cycles to maximize wealth transfer to a few hands.
Do you recall those who were saying R.E. markets are doing fine all along.
Financial markets are LT pivotal supports as also noted on China SSEC & US SPX comments. Obvious LT bear market wave formation is the Big A-B-C which is a big megaphone formation from Oct 2002 (A) ~> Oct 2007 (B) ~> now (C) and the ultimate bottom is depending on how well the administration works out the credit problems. Of course, as commented before this is a part of LT plan of boom and bust liquidity manipulation with a purpose of wealth transfer. The worst bearish SPX target for the "C" wave is breaking below the Oct 2002 low 700 to near 600 with full recession to depression.
10/10/2008 Historic Day >> Market intraday swings were incredible as VIX climbed to near 76.94 with historically explosive volatility.
As noted earlier, markets form the bottom for the day, and we will look for the bottom confirmation, however, with the extraordinary high volumes in series of three since 9/19/08 with historically oversold condition looking to be we are seeing the bottoms.
Market Bottoms: Markets reached LT targets: SPX 840, DOW 7885, Nasdaq 1547 which was set during the early this year.
Intraday market swings were 10%-20% depending on types of markets as example Qs and SPX swing nearly 10% up-down-up.
Bush certainly is the man who made bad records for many and extremely well favors to a few rich using political and economical manipulation along with Paulson and Greenspan gangs. Obviously Americans went through "8" years of tribulation.
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TODAY POLL >> Sadly, Bush/Paulson sold off Mc PALIN
Reality is Panic which Bush and Paulson created to clean out Americans and US as well as wealth around the world.
The condition was riped for it as it was the big scheme since 1990s by greenspan/paulson LT plan for wealth transfer from Mass to a few. Bush/Paulson could not resist before they retire from the offices and it was easy scam to pull while many are distracted by political noise. Of course, nobama is also a part of the big scam. They go to Swiss or mexico, wherever, after they feed Americans to abomination nobama.
It is a good time for ALL of us to retire from the big mess which the scammers created.
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