5 FEB 2012, Sunday

• Admittedly, entries have been spotty.  
• Have lost some zeal for regular postings especially after I got caught up in that MF Global collapse October 31st.  Where is the investigation and accountability???
• That and the stock market appears more rigged than ever.  It seems that you just have to know when the central banks throw the money switch on and off.  If you're in the "club" with Da Boyz, you get that information early which allows you to build your position for the ride up (which is accomplished in the low volume after hours futures markets).  Next you hear when the money switch will be turned off, so you sell your holdings to the little people who are just screaming to buy everything since they're missing the move.  Once that's accomplished, the money switch is turned off and with no more juice to prop it up, the market does a very fast (10 days) down move of 15-20%.  Go ahead, check MAY 2011 and JUL 2012.  Then Da Boyz step up and buy from the frightened little people who got trapped again and just want out.  Da Boyz finish building the fear through a few months of a gut wrenching wide range with high volatility so they can buy / build up their positions again.  Just in time for....you guessed it...the money switch to be turned on by the central banks and Da Boyz enjoy the ride up while the little people got cleaned out again.
• Lather, rinse, repeat!  
• Too bad you're not in the "club".  You never will be.  Afterall, they need someone to sell their stuff to when the time is right and someone to buy from when the time is right.
• Be careful, it's brutal out there due to these long levitations on vapors followed by vicious cracks.
• Overall, as I've said in many of my posts over the past 3 years, the 90MA (green line) has been a pretty good guide for folks on a longer timeframe.  

• Above all MA's and approaching last summers highs in a seemingly overbought condition...possible resistance...we'll see.

• Overbought on the daily (including breadth measures) but it's crawling the upper bollinger bands.  Market has done this numerous times for extended periods over the past few years as the central banks keep injecting liquidity.

• Weekly view appears to allow for more up which might confirm the continued crawl at the daily level.
• So, my thoughts (and I am not a registered financial advisor thus you must think and decide for yourself)...Definitely, not a position for new purchases.  Management time...choices are; 1) take profits or 2) take some profits and tighten stops or 3) let it ride and tighten stops or, of course, some foolish folks will opt for 4) buy, buy, buy!  
• Some interesting information regarding the "January Effect".