Lacking confirmation .................

Before I roll out the charts questioning the lack of confirmation from the sibling indexes, here's a snipit from Zerohedge showing just what a game the robots have made of the the market. Somebody's trying to play us for fools. That 13,000 number must be written in every market alogorithim on the planet. Notice to what extent the market is being whip sawed as it approaches the twilight zone.........

Forensic Analysis Of Yesterday's Market-Close Mini Flash Crash Submitted by Tyler Durden on 03/01/2012 - 19:13NASDAQ New York Stock Exchange SPYWhen reporting on yesterday's bizarre market action, which in addition to criss-crossing the DJIA 13,000K a total of almost 70 times in the past 4 days, saw some very curious fireworks throughout the day, we noted a very curious sell off in stocks in the last second of trading, which we jokingly (or so we thought) claimed was another flash crash. As it turns out, the move may indeed have been a mini flash crash, with all the salient features exhibited by the market on that fateful day in May 2010 when the DJIA plunged by 1000 points in seconds. Nanex, which unlike the SEC, is eager to explain and unearth strange and unexpected market moves, has performed a forensic analysis on this data, and has uncovered the same quote dissemination delay that occured during the Flash Crash, only this time not in the NYSE, but on the Nasdaq. Which, in turn should answer readers' questions whether any exchange is safe..........................................

Dow vs Trans vs Russell

Chart Right: notice how the Dow is being held up with artificial intelligence, or pure idiots, while the Trannies and the Russell are starting to rollover.

Chart Left: The McClellan New York Summation Index is starting to rollover and it may work its way into a sideways move for the next week or so. Remember the "Ides of March" are coming.






Chart Right: The Regional Bank index is sliding sideways and will soon crossing the uptrend line. We should see which way the market's going from the next move in the financials.




When you put everything together and really look at the data you will realize that Government generated data is pure BS and manipulated to such an extent that it's outright lies. This market is a Ponzi scheme at the moment and requires constant growth or it will begin to unravel. You need to be very cautious and pay attention to comments from the insiders. Note the recent statement that follows:

David Stockman, the former White House budget director:  You'd Be A Fool To Hold Anything But Cash Now.