Sink to New Lows - On Election Day

By: Erik Swarts | Tue, Sep 4, 2012
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Election Day

As the 2011 SPX topping model continues to replicate along very similar lines with the Australian Dollar - the end game breakdown is starting to come into view on charts extrapolated into this fall.

And although it was fascinating to watch the pattern replicate acutely this spring in May and June, the potential breakdown was always a major target of interest as either a symptom or cause of a major dislocation in the financial markets.

2011 SPX
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Should the pattern and correlation of the Aussie to the equity markets and risk appetites continue, the timing and proportional decline into election day on November 6th, could put President Obama on the losing end of what was carried out by voters to his benefit - on November 4th, 2008.

2011 SPX Chart
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Conspiracy theorists - eat your hearts out.

"Wall Street hands the Presidency to Romney!"

 


For more information on this fractal comparative that I have been following for several months:

To Everything There Is A Season
A Bet Against The 1%
The Game
It Was a G'Day
SPX/FXA Analog Update
Down Under
SPX/FXA Analog Update
SPX/FXA Analog Update
SPX/FXA Analog Update
SPX/FXA Analog Update
SPX/FXA Analog Update
SPX/FXA Analog Update
G'Day Risk

 


 

Erik Swarts

Author: Erik Swarts

Erik Swarts
Market Anthropology

Although I am an active trader, I have always taken a broad perspective when approaching the markets. I respect the Big Picture and attempt to place each piece of information within its appropriate context and timeframe. I have found that without this approach, there is very little understanding of ones expectations in the market and an endless potential for risk.

I am not a stock picker - but trade the broader market itself in varying timeframes. I want to know which way the prevailing wind is blowing, where the doldrums can be expected and where the shoals will likely rise. I will not claim to know which vessel is the fastest or most comfortable for passage - but I can read the charts and know the risks.

I am not a salesperson for the market and its many wares. I observe it, contextualize its moving parts - both visible and discrete - and interpret.

I practice Market Anthropology - Welcome to my notes.

Erik Swarts is not a registered investment advisor. Under no circumstances should any content be used or interpreted as a recommendation for any investment, trade or approach to the markets. Trading and investing can be hazardous to your wealth. Any investment decisions must in all cases be made by the reader or by his or her registered investment advisor. This is strictly for educational and informational purposes only. All opinions expressed by Mr. Swarts are subject to change without notice, and the reader should always obtain current information and perform their own due diligence before making any investment or trading decision.

Copyright © 2011-2014 Erik Swarts

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TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/