Oh… well, I’m not for sure that we will rally until Friday, but I’m just reporting what I see in the charts. I’m sure the gangsters could continue to sell this off on light volume just as easy as rally it up.
You’re not more bearish then me as I see a low of 965 spx before this is over with. The bottom could very well be on December 7th as the Illuminati.org countdown ends then. But, we still need to follow the ripples in the water (waves up and down) and since we are very oversold on the short term charts, and have very light volume the rest of the week, a rally up until Friday should happen. How high it goes is anyone’s guess, but we should bounce for a few days before crashing next week.
I don’t think it really matters where you short, as long as your time horizon is at least 1 1/2 months from now. The beginning of next year will be nothing short of disastrous.
Edit: Especially unlevered shorts. Those are a straight up buy & hold. Investing for the long term!
Hit & bounced off that old 9-11 (119 SPY) FP right on the button. So is the next one at 115.61 tomorrow or a week or two from now. I guess we’ll find out.
Oh… well, I’m not for sure that we will rally until Friday, but I’m just reporting what I see in the charts. I’m sure the gangsters could continue to sell this off on light volume just as easy as rally it up.
Mirror, mirror on the wall, who’s the bearish of them all??
🙂
I meant for this week.
You’re not more bearish then me as I see a low of 965 spx before this is over with. The bottom could very well be on December 7th as the Illuminati.org countdown ends then. But, we still need to follow the ripples in the water (waves up and down) and since we are very oversold on the short term charts, and have very light volume the rest of the week, a rally up until Friday should happen. How high it goes is anyone’s guess, but we should bounce for a few days before crashing next week.
I am still looking for the major low for 2011 on Dec 8th Plus minus 1 day
I don’t think it really matters where you short, as long as your time horizon is at least 1 1/2 months from now. The beginning of next year will be nothing short of disastrous.
Edit: Especially unlevered shorts. Those are a straight up buy & hold. Investing for the long term!
I can not believe I am more bearish than Red here. I see new lows by Wednesday and no later than Friday.
But then again, we could have a 1-day rally/headfake and then BAM! Right in the kisser!
Hit & bounced off that old 9-11 (119 SPY) FP right on the button. So is the next one at 115.61 tomorrow or a week or two from now. I guess we’ll find out.
The thing is, at this point, wherever you sell short, you’ll have a fat profit by end of January. I firmly believe that.