Have Fun Storming The Castle!

As we are approaching an inflection point on the SPX it’s time to give you guys a quick update on where this thing is heading and what to expect on Monday. A succinct way to summarize this thing would be with one of my all time favorite quotes:

At this point we are looking at 1 1/4 scenarios:

As you can see Bernanke’s Panzer Divisions have the bears on the run – once the 1213.92 Maginot line has been breached it’ll be a one way ticket to the Eiffel Tower. My apologies in advance for insulting any mimes or snail lovers reading this.

Soylent Green is all but history – there is a theoretical chance we can drop from here, but who are we kidding? Look at the Zero Lite – it remains firmly in bullish territory and unless we see a sudden drop before the close we all know what to expect Monday. Most of this week was nothing but a preamble to the inevitable – this was all about theta burn, as I postulated a few days ago. Just enough downside to keep the bears on the fence and keep holding their puts.

I suggest we all crack open a cold one, raise our glasses for a toast to the fallen bears and call this a week – 1260 awaits.

Before I go – here is a pointer for some of you hardcore index futures fanatics: This morning at 10:00am EDT sharp there was a major disturbance in the force got triggered in the evil lair. It was visible on indicators I cannot disclose here, sorry (my secret sauce) but it was quite distinct – at least a 7.0 on my Richter scale – and it was the same type of signal I warned you about a few days ago, just before we busted higher from 1182. Now, if any of you saw anything similar or have additional evidence please email me privately as this was the most blatant manipulation attempt I have seen in a long time. If you know where to look that is 😉

Cheers,

Mole