Monday, December 28, 2009

Happy Holidays!!!

Update : Read this

Market is doing a blow off top at this point, very low volume this is how it is possible at this point, market will stay propped until end of year... I believe a deep reversal will start to occur in early 2010, will be very swift.

Wednesday, December 16, 2009

Who makes these calls??? wow

Ben Bernake named Times Man of the Year!


Funny around this time next year they won't be thinking the same thing.

So misguided is the media and the public, lets name a person that has inflated the bubble once again and also destroyed any value of the US dollar and has put every american tax payer in 70 thousand dollars in debt, and its growing everyday.

Same thing with Obama lets give him a nobel PEACE prize, then he sends another 30 thousand more troops to Afgan soil.

I don't think there has been such a time of complete contrast between main street and wall street / government.

In any regards stupidity like this only means more opportunities for the people that take the time to do their homework. ;)

Sunday, December 13, 2009

I've seen this before!

Dear Readers;

We will likely stay propped up to near end of year, I have seen this before time and again, in the new year we will really start our trend down with force.

Hang in there short anything you can above 1100, cover under 1100 and keep your main short for the long run!

1121 is still looking like its wants to be filled.

Friday, December 4, 2009

1115 -1117 -1119 on S&P

Wed - Thurs - Friday

1121 is next, this will put in our final 50% retrace

Same kind of pump during the morning is happening for past 3 days in a row, this is basically to kill any shorts before we go lower.

Simple manipulation game, there is no volume - they gonna have hard time keeping this thing propped up.

Keep shorting above 1100

Thursday, December 3, 2009

Short above 1100 - cover under...

Works every time...

Market makers are slowly unloading and building short positions above 1100, this is why you see the zigzag motion for past few months.

Not long now until the back breaks and we have to go down

Wednesday, December 2, 2009

Hey America!

Don't mind Obama sending 30000 more troops into Afghanistan worry more about Tiger Woods cheating on his wife!

Coincidence both these stories hit at the same time?

Doubt it... :S

1115 was hit!

1115 was hit today, this gives us close to the 50% retrace from top to bottom since the 07 top.

I would like to see a major gap down tomorrow to prove this structure.

If we don't see follow thru to the downside from this 1115, we will most likely touch 1121 and this will give us a final 50% retrace movement

Tuesday, December 1, 2009

"Break on thru to the other side!"

Silver has broke 19 with force, we are starting a true bull run in silver, I expect it to get to $50/ounce within a few years and eventually top out over $100 per ounce.

We filled the gap I talked about at 1070, and instantly rebounded. 1115-1120 looks like it still wants to be met, I would short above 1100 and take profits under 1100, pretty simple strategy right now.

COF and banks are down today, and that is my main short.