Selloff to continue?

Been busy the past few days and haven't had the time to keep this blog up to date. But I hope any followers are checking the links I have to the left for some insight into current and future market directions.

And I'm off again this weekend on a new apartment hunt, so the best I can do at the moment is offer some links of interest.

First off, Christian at PSA is informing us of his belief that we currently have 6 confirmation sell signals on the market. I think he makes a compelling case, especially with regard to the divergence between the stochastics/RSI and current market price levels. Something's gotta give and it appears that it's to the downside.

Secondly, Chart Pattern Trader suggests we've seen the end of the summer rally and goes on to discuss Grand Supercycle Trends with Elliot Waves. I don't use EW analysis since it's not conducive to trading, but does provide a good "20/20" hindsight analysis of longer term future trends, once the pattern is clearly established.

And sometimes I receive these free pattern analysis videos from Ino.com. I'll post this one as I thought it was rather intersting as "thought fodder" on market direction:

How A Japanese Chart Formation Could DOOM the DOW

And Richard Russell, Dow Theory GURU since the 1950's is telling his subscribers that the stock market is falling apart:

The stock market is crumbling

Clearly corporations are hunkering down in anticipation of another financial crisis. It's one reason that has been cited for why they are raising so much cash based upon the belief that banks may not be liquid enough to finance their operations.

But are corporations as liquid and cash flush as many assert? Zerohedge had an interesting column citing an Economist article that is discussing current accounting rule changes related to how corporations use lease arrangements to make their balance sheet appear stronger than it actually is. If this accounting change goes into effect in December, it could have the same catastrophic (but necessary) impact on stock valuations as "Mark to Market" accounting did with the banking and mortgage sectors back in 2007 (just before the big crash).

Also, there's been a lot of talk about the "Hindenburg Omen" which, as the theory suggest, sets up a series of conditions that predict an impending market crash (as if the several we've already isn't enough). Zerohedge points out that we now have the 2nd confirmation. Here's a link to the first confirmation.

If I get the chance, I'll update this post with more information as I sift through it. So check back..

Scrutinizer

Tony Robbins and Goldman Sachs give you their opinions on the economy..

GS trading desk predicting "meaningful decline" in stocks

Fed manipulating stock market?

And this is something everyone of you need to watch. Someone posted this link to a video blog by Tony Robbins (y'know.. the motivational speaker/mentor). Now Tony Robbins obviously has access to some MAJOR financial heavy hitters, given his providing services to many of them, as well as their managing his portfolios and assets.

Tony Robbins: 7 things you should consider about the economy

I was amazed when I heard him mention Credit Default Swaps!!! He specifically mentioned them, rather than just alluding to them indirectly. That caused me to definitely "trigger" on the rest of his comments as derived from credible sources.

Now.. he obviously can't give investment advice. But he CAN pass on some of the information that has been told TO HIM by his financial uber-brain buddies.

I don't normally follow Tony Robbins, but something in his conscience must have motivated him to share what he has learned.

Get short on any rallies, and if you're really bold, get Ultra-Short via the ultra-bear ETFs.

And if your suffering paralysis by analysis, just go cash, pay off debt, and save money (and make sure you have a personal emergency stash that's not in a bank, but well hidden).

Scrutinizer