http://www.hsletter.com/members/startHSL_JR.html

...........................

Desperate manipulation is now ruling mkts, which makes “trends” near impossible to establish or keep going. The secret, I have found, is in “ignoring” daily charts (except for trading of course, which I do, but it’s like tightrope walking, hourly buysells) & looking instead to weekly & monthly charts, which the power-elite have a harder time to control, perhaps impossible. Eg, the comod currencies (C$, A$,NZ$) are unbelievably bullish on longterm charts, but can be shorterm short sales in daily’s. Ditto the precious metals & many comods. The Swiss Franc stays bullish as does Nor. Kroner, & will remain so.

Is US in mega stocks bear mkt, as per RR? Yes, but the old ways of measuring are not helping. Because the hedge funds rule now & they, plus the insiders, want to keep up the illusion of a good stock mkt. But, stats don’t back them up. More stocks fall than rise (A/D line) & the number of stks in bull trends is very low. The US mkt (which sets the tone for many world mkts) action is only a handful of stocks, including some of the DJ 30, to paint the tape. Follow the money if U want to play the game. Or stay out if U don’t understand this.

Meantime bond mkts are healthy, have been rising for a long time, everywhere, except the PIIGS of course. Far more money has been made in bonds than stocks for the past few years, govt & corp.

There’s more to be said, but U get the idea, I hope, from these observations by someone who has been there, done that, & still does.

PS: China does not want a world leadership role at this point, a voice yes, not more. But China will help the economic crisis. Proof came yesterday with news China bought several hundred million euros of Spanish bonds.

PPS: Words of ABSOLUTE WISDOM from Dan Norcini at JSMineset: “The only way to end the charade that takes place at the Comex in the gold pit is to do what I have been saying now endlessly for years – STAND FOR DELIVERY OF THE METAL. Until the longs get it into their heads to take the actual metal out of the warehouses and thus force the bullion banks to come up with the gold that they are selling in unlimited quantities, the farce will continue.It remains a source of continued astonishment to me that the longs, which have it completely in their power to end the price suppression scheme, refuse to do the ONE THING that can end it all almost overnight.That is the Achilles’ heel of the bullion banks and until exploited the Comex bears will sell with impunity.”