Wednesday, July 29, 2009
When you start getting big reports like this coming out its a good sign to start building your short positions if you haven't already.
I'm sure a few magazines are getting ready to release their front page "Bull running over the Bear" propaganda soon enough!
Monday, July 27, 2009
Still expecting 999, hardcore bears should capitulate soon enough, one more push above 1000 should do it...
Well I was saying the bear rally could extend out until late August early September at the latest, I can see a reversal during the August 3rd-7th week, this will give us a 5 month rally since March. Don't be surprised to get above 1K on S&P, hold your shorts if you can, don't get a margin call by being too Greedy.
I'll go heavier short once we break 1K
Thursday, July 23, 2009
Back in March when we bounced big @ 666 I called for a 50% rally on S&P giving us 1K on S&P, I lowered those targets about a month ago, but the market wanted to go higher...
My original target of 999 might just be what happens, S&P has a 1007 major resistance point. Looks like the central bankers around the world really want to prop this market, in doing so the US dollar is down 20% against the CDN dollar since March 9th!
Wednesday, July 22, 2009
" This market rally is a bull bus with 4 flat tires that the government is running along side of pumping air into the tires to keep it going. You know a steep hill....going down, is coming and they won't be able to keep up. And they will be left standing on the hill watching their bus go down without them.
Tuesday, July 21, 2009
Two targets right now, possible to go tag 966 to blow off top, the next target on downside is 910 area......
Nasdaq made a 51.5% rally in 4.5 months, permabears got slaughtered, you always gotta ride weekly-monthly trends to maximize profits.... the next down move will be the ultimate finale for the crowd, expect 2010 bottom in March.
Watch for big selloff end of day.....
Thursday, July 16, 2009
1896 is where the nasdaq should fail, we are very close to this area. July 20th I have as a top, could be tomorrow or monday we will tag 1896 area on nasdaq and crash from there, get your shorts in at this area if you can.
On a side note I just broke 10,000 page views, I started my blog on June 14th, 2009. Thanks everyone for the amazing support!
Wednesday, July 15, 2009
USD is doing another parabolic move to the downside the past few days.
As the USD crashes the market goes up, but slowly the USD is losing more value than the market can go up, this is how USA is losing value, slowly the USD will be so low that even if the stock market goes back to 1K the value will be far less because the USD is decaying so much.
We should close below 927, I will give more targets after the close today.
Monday, July 13, 2009
The next phase will be when unemployment benefits run out for alot of people.
So starting around september alot of people that are on financial life support will have their cords cut, this should bring us down to our final bear market lows in March of 2010.
I can see the downside really picking up near end of year.
Medvedev (Russian President) is already bragging about whats to come, US dollar will lose it global power and go to this new world currency.
Here's more info:
830 on S&P is next resistance, so close you can taste it! :D
Minor resistance points are 855 and 843, expect minor consolidations around those levels.
Watch for early morning rebound and fade, unless we really crash to start the monday off.
Tuesday, July 7, 2009
Shorts are winning this race...
We most likely will consolidate from this point but 830 will be coming within the next few months.
Sunday, July 5, 2009
LOOK OUT BELOW if we break 882 with force, I said in a older post we could see another gap down on monday and it may sell off even further. (Looks like we are getting this scenario)
It will be very interesting to see how tomorrow goes, stay tuned!
FAZ should break 5.50 soon and take flight...
Saturday, July 4, 2009
Thursday, July 2, 2009
....when no one cares or has the time to look.
Video: Fiscal emergency in California
We hit 932 yesterday and now we are almost at 900 already, all it takes is a few hours for sentiment to change in this market.
I said once we hit the upper target we would go back down and test 900 once again, hopefully you shorted a 920 and you can cover now if you want or just hold for lower levels.
893 will be tested and most likely that will break and 888 will come next, later on down the road will will test under 800, not expecting this until a few months down the road.
We are still range bound until 882 breaks with force.