clock

Time is running out as the bulls are starting to weaken!  Soon they will fall over from the poison that they’ve been given.  The news out will become increasing worse, causing more panic too occur.  Yes folks, the moment of reckoning, (for the bears at least), is now upon us.

One thing clear to me about today’s tape was that the big institutions are now selling.  They of course know what is too come, and what news will be released in the coming days and weeks.  Will it be the Job’s Claims numbers tomorrow, or some other event?  I don’t know what it will be, but I suspect that we will wake up one morning to a large gap down, and the market won’t look back…

The reason blamed behind the selling around 2pm on Wednesday was that Tom Hoeing, President of the Federal Reverse Bank of Kansas, came out around 2pm est. Wednesday and stated that he thought they should raise the interest rates to 1%.

Are they preparing us for the coming meltdown? It seems so… We must keep our ears open, as they are now letting the market know ahead of time… that more bad news is coming.

So at this point, it doesn’t look like the Dow will reach the 11,000 mark, nor will the SPX reach 1200… YET!  Remember, the summer months are still too come, and this current high is likely only temporary.  I think we will form a rounded top on this current rally from the March, 2009 low.  The real peak will probably occur in the summer, and every last bear will be dead by then.

I hope to still be around, and have successfully navigated these treacherous waters.  I know many other’s will fall into the bulls’ meat grinder, as their master’s need to eat sometime… and of course they like bull steak just as well as bear steak.

Playing this game isn’t easy, as it’s designed for them to always win, and you to lose.  So, you must learn to read what the dealers have in their hand, as they most definitely can see what’s in your hand.

Of course, there’s always a few who win at the table.  If not, then the house couldn’t keep anyone playing the game anymore.  So, beating the house isn’t an option… nor is it possible, but becoming the player that wins that hand is.  You must use this knowledge to out play the other players… as they are the ones’ you can beat.

So it now seems that everyone has laid their bets on “black”, as it’s come up black for the last trillion days in a row… but I think it’s time for “red” to pop up.  That’s why I’m short, and will add to my short position tomorrow, if I get the chance too.

If you are long, take your profits, and sit this one out.  Give us bears a chance to dance with the pretty girl… will you?

Red

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