Despite whether it was really a technical "glitch" or not, the spike on today's chart (6 May 2010) is a technical indicator.
It is a crisis indicator that we have been following by tracking the gamma-risk indicators. The indicator gained verification with this quick test of market resistance and support.
Financial markets are too consolidated for stability. The aggregation of risk (the gamma) is so high, it takes very little to cue a panic that scores huge profits for economies of scale that have the assets to gain the fractile, overleveraging of risk to a destabilizing crisis proportion.
It is too easy for too-big-to-fail financials to position themselves to profit from risk-without-growth which provides the accumulative, algorythmic program of crises, now accomplished at high frequency.
The global economy is not disaggregating risk. Risk continues to aggregate, indicated not only with spikes on technical charts, but easily predicted and verified with rioting in the streets that is easily prevented by deconsolidating the risk, ensuring a peaceful and prosperous pluralism in priority.
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