Ponzi World (Over 3 Billion NOT Served)

The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off the table. The possibility of 7 billion people achieving a consumption-oriented lifestyle is zero, so the World Bank conveniently set the poverty line at $1.25/day to legalize global slavery. As long as someone else's children are doing the suffering, it's "all good". Post-2008, this illusion was extended merely by plundering all future generations.

Thursday, July 16, 2015

Up Next: The Elliot Straight Down Wave

July 15, 2015 EWI: Short Term Update
"[BOTTOM LINE] The Rally from July 7 should carry to a new high to complete the wave structure from last October"

Prechter and Skynet versus Reality. Game On.

TARP 2.0
Today's short-covering rally was fake Europhoria at the thought of Greece being sold on Ebay.

Speaking of new highs
Here are NYSE New highs - New lows (10 day moving average)

Dow
% of stocks above 200 day moving average

S&P
% of stocks above 200 day moving average

S&P - longer-term view

(Chaikin) Money Flow
(prorates daily volume based upon the closing price within the day's range. Mid-range is 0)