So we have one that is waaaay down and one that is waaay up. Of course we have no idea when these could be hit. Either could be many years. My expectation is we hit the DIA 118.16 and then move down to the DJI 8300. If my intrepretation is correct, I believe that is way you are leaning also. My question is: Do you have any FP’s below the 8300 that would indicate if long term trend is SPY 20’s before QID 4.96? It’s probably an impossible question to answer, but I’m just looking for other opinions. With the VIX print in the 300’s (that’s just crazy scary – let’s hope this doesn’t play out) and gold print in the 3500 range, I see us hitting the SPY 20’s first and then hyperinflation hits after several years of some level of deflation. Thoughts?
Bullish, bearish, does it really matter? It’ll be right back where it started during OPX week. The PDs don’t want to lose any of their hard-stolen money, do they?
I don’t know if that “hindenberg omen” will be accurate this time or not, but I do know that I’ll be diving in short with both feet when we hit the DIA FP.
I don’t know if that “hindenberg omen” will be accurate this time or not, but I do know that I’ll be diving in short with both feet when we hit the DIA FP.
true but there is no free money on Wall Street!!! you can get hurt shorting if you on wrong side of the trend
Red,
Big picture question here – bear with me here: We all know about the DIA 118.16 print as a potential turning point. You also have the DJI ~8300 http://reddragonleo.com/wp-content/uploads/2010/07/dow-fake-print-8300-01-on-july-07-2010.jpg.
Beyond that, I believe you have a SPY print in the 20’s and to the upside we have QID of 4.96 http://reddragonleo.com/wp-content/uploads/2010/06/QID-fake-print.jpg.
So we have one that is waaaay down and one that is waaay up. Of course we have no idea when these could be hit. Either could be many years. My expectation is we hit the DIA 118.16 and then move down to the DJI 8300. If my intrepretation is correct, I believe that is way you are leaning also. My question is: Do you have any FP’s below the 8300 that would indicate if long term trend is SPY 20’s before QID 4.96? It’s probably an impossible question to answer, but I’m just looking for other opinions. With the VIX print in the 300’s (that’s just crazy scary – let’s hope this doesn’t play out) and gold print in the 3500 range, I see us hitting the SPY 20’s first and then hyperinflation hits after several years of some level of deflation. Thoughts?
Since both FAS and FAZ are designed to slowly lose value over time, it’s always best to short them as opposed to going long.
i got some longs in FAZ but shorting FAS at 27 is better move!!!!
Smart move on shorting FAS, instead of going long FAZ.
my short FAS looking great!!!! waiting Ffor SPX 1210
JP Morgan Covering Silver Short Position:
http://www.inflation.us/jpmorgancoveringsilver.html
Bullish, bearish, does it really matter? It’ll be right back where it started during OPX week. The PDs don’t want to lose any of their hard-stolen money, do they?
Interesting Richie…
I don’t know if that “hindenberg omen” will be accurate this time or not, but I do know that I’ll be diving in short with both feet when we hit the DIA FP.
Interesting Richie…
I don’t know if that “hindenberg omen” will be accurate this time or not, but I do know that I’ll be diving in short with both feet when we hit the DIA FP.