Close up of NDX…seeds of doubt…How high is the P/E again?

JGB’s - Headless, Brainless, Spineless and Intergrity-less Central Planning…in action

As opposed to the below headline and article:

The loss of confidence in the second largest government bond market in the world, in Central Bank policy/QE and BOJ/FED have set up the markets for a disconnection

Nasdaq/NDX Distribution DOJI...

Below is an algorithmic analysis of the NDX doji pattern that we got today and how it looks historically…indicated with red dots where they occur

JGB’s are back and way down…kamikaze retard headless suicide mission right on plan...

Today’s drop could have had NOTHING to do with rumors regarding the FED’s QE and everything to do with loss of confidence in Japan/BOJ and most likely general central bank policy:

Looks like interest rates are going up for Japan Government Bonds…a previous post about the potential loss of confidence in central bank policy is here: Insanity…

10:00 pm: Yen is collapsing and JGB are too…as Japan rates go up…destabilizing to say the least.

1:00 am: JGB Free fall as Japan breaks its own bank…but no different from the FED, ECB or most any other central bank and thei suicide mission so far this year.

DOW - no comment required...

Insanity...

My expectations were for a broad based pullback before hitting the upper target on this broadening pattern. Obviously, for all intents and purposes, the target has already been hit - without any pullback. With the DOW lower, I expected a pullback first and possibly a end of the year pump to test. However, that would require central banks not be trapped, as they have been with gold and silver. Bonds are starting to tell a worrying story and may indicate that confidence in central bank financial stabilization programs has been breached. If that is the case, the central banks will not only be fighting tons of risk assets on their books, but also devaluing bonds. If bonds sell off and risk sells off, central banks are trapped - which is why I believe they have been talking their book recently. If central banks become trapped and this pattern can be marked as fulfilled then it will be very difficult for them to muster the strength to attempt to hit the upper trend line of the broadening wedge again...

below is a version using OHLC bars rather than line prices: