Tuesday, March 23, 2010

So ya sell in May and go away?

The fed and banks have extended this rally far too long

A test of 1000 is in the books for S&P, we will most likely go down to 800 area and make a double bottom, the only way we get to 500 area on S&P if the whole system defaults, we will see gold and silver skyrocket if this is the case.

1000 S&P will be coming in the summer months, 800 area should be tested maybe by year end or early 2011.

Load up those shorts above 1200, we will top out around 1200 around the 9th of May