Market view

Another very low volume day and sideways most of the day. A big move is brewing.......

I think its really funny to see how they just open the markets nearly everyday with a gap up and then fading it. Seems like its the only thing that can hold the markets higher , with a gap up when no real money is trading and they can manipulate it up.

Well well - today is going to be the most interesting day in past months imo (with tomorrow action) when FOMC statement is out later today. Jobs report friday is going to be another trigger, so lets see. Personal income and personal spending still really bad and wont get better. QEII dont do nothing to the main street, but only helping wall street and the rich is getting richer and the poor is getting poorer. Dont be fooled by this, the leaders for big companies dont feel the recession and they get record bonuses at these times. I think today is going to be a "buy the rumour and sell the news" when its announced - probably with a so called "fake rally" just after the FOMC to get the last shorts out and then really tank the markets hard down. I expect rest of November is going to tank hard down after today and there is no mercy for the bulls. Most likely a big fat gap down tomorrow.

The market breath indicators are telling us that even if we make last push up it wont last - and a big move down should come. I think this is the same pattern that we had before most of the other crash we had where markets rallied up big and thought that FED could save the economy and the only way is UP UP UP. But really - they can't and the QE2 is a disaster for the economy. It will be more harm than any good.

So follow the markets closely today and late today and see the reaction of the markets. I think we are ahead of a BIG crash which should start ... TODAY

This is what we have been waiting for last months

Have a nice day