Okay, so I've been extremely tardy in keeping up with blogging! The day-to-day rat race of the past couple of years had me so engrossed that I practically forgot I had a blog. Not that too many people seem to have viewed it!
Anyhow, I thought I'd post an interesting DOW chart from today, and comment on it. This is the chart:
The DOW opened up at around 11800. It then went up to about 11855, dropped 100 points to 11755, and then back up to almost 11855 again. If you look at the chart, the DOW "rotated" 50 points above and below an axis defined by the 11800 mark, and at 4 PM precisely, closed at exactly 11800. It settled out a couple of points below that, but that is immaterial. To me, the rotation smacks of the same kind of control I see every day, by parties unknown and unseen. Frequently, the pattern is obfuscated by the FUD tactic, until
after it is done, and then you can see all the pivot points and their relationship to each other.
Most people are under the impression that the markets(as defined by the "Averages") are a function of random trading by hundreds and thousands of individual traders and trading firms, trading on their momentary interests. Nothing could be further from the truth. The averages move, and are moved, at the behest and at the pleasure of these unseen forces. Even when news "breaks", you can see how the "market" seems to have anticipated the "breaking news". As the old saying goes, design is not accidental. The money required to do this, not to mention the technical capability, is astounding, and clearly not in the hands of a Barings trader in Singapore or a Morgan Stanley trader on the floor of the NYSE.
On a final note, I find it of interest to observe how the so-called pundits on the various financial networks seem to refer to the day's events in the same terms, as if they have been handed out talking points. Jon Stewart has parodied the networks on the same issue, albeit for political news, but the same holds true with the financials. It's really quite eerie to watch.
I would love to hear from anyone who has observed something along the same lines. I don't think I'm alone in having reached this conclusion.
Postscript:
Every day, I see solid evidence of how tightly controlled the equities markets are, and I observe strange things. I saw this early today, again another not-so-mystifying reminder of how the averages are not randomly computed from millions or billions of trades by hundreds of thousands of disparate entities and individuals. Look at the chart below. This is 8/20/12-8/21/12. The DJIA set a bottom marker of 13230.7 at 10:40 AM on Monday. Precisely 24 hours later, at 10:40 AM on Tuesday, it peaked at 13330.7, exactly 100 points, before retreating. It is this sort of precision, which I can show you all day, which has me convinced that the equities markets are manipulated at the highest levels. The SEC and law enforcement goes after the little people or high-profile individuals who make a little bit more trading on insider information or pump-and-dump schemes, but this extreme, massively lucrative and self-evident manipulation goes unpunished, because the perps own the system. Sad, just plain sad. It makes a mockery out of the exhortation to people to "invest" in stocks.
