When is of course unknown? But based on whats happening right now, and how close we are, I’d say we are head there within the next month or so.
I can’t see us crashing to the other FP of Dow 8300, and then going back up to the 118.13 print. I think we are going up first, and then a huge crash to follow.
What will cause it? Unknown? Maybe war? Maybe a nuke set off in America or some other country? Who knows what the gangsters plan to stage, but they will “stage” something… it the market will then proceed to crash.
Well somehow i also think that the DJ30 is gonna top out at around 11200 before hitting the breaks and doing a handbrake turn.I dont think there will be a sudden flash crash to start the sell off this time round but that lvl has a huge physiological barrier to overcome.Breaking the 11000 lvl was a big step forward for the bulls but it didnt get there on its own and with that in mind what will the people that are dependent on the help gonna do when its gone.Elections at this point in time are still 50/50 so that will play a big part in future.From now till then i wont be surprise if there is just sidewards movement drifting upwards till then.One thing is for sure is that 11200 when it comes my trigger finger will be glued on short button.
Don’t think we can fall this much this week. On OPX week they want to see most options expired to zero.We should have a top around 1175-1180 this week ,consolidate and close around 1165, then it is downhill starting next week.This is perfect time to go short. Don’t think we will ever see these levels for a long time.
Galbraith – The Great Crash of 1929
investors were described as “having vision for the future and boundless hope and optimism” and not “hampered by the heavy armour of tradition”
Eventually, market meets economic reality – rock meets hard place
Yes, I am…
When is of course unknown? But based on whats happening right now, and how close we are, I’d say we are head there within the next month or so.
I can’t see us crashing to the other FP of Dow 8300, and then going back up to the 118.13 print. I think we are going up first, and then a huge crash to follow.
What will cause it? Unknown? Maybe war? Maybe a nuke set off in America or some other country? Who knows what the gangsters plan to stage, but they will “stage” something… it the market will then proceed to crash.
Red, fp for 118.13, that mean dow going to 11,800, r u expecting dow to go tht high- that is melt up
Well somehow i also think that the DJ30 is gonna top out at around 11200 before hitting the breaks and doing a handbrake turn.I dont think there will be a sudden flash crash to start the sell off this time round but that lvl has a huge physiological barrier to overcome.Breaking the 11000 lvl was a big step forward for the bulls but it didnt get there on its own and with that in mind what will the people that are dependent on the help gonna do when its gone.Elections at this point in time are still 50/50 so that will play a big part in future.From now till then i wont be surprise if there is just sidewards movement drifting upwards till then.One thing is for sure is that 11200 when it comes my trigger finger will be glued on short button.
Max Keiser said we could get to 1400 on gold today! Now that’s a stretch, but anything is possible.
http://www.prisonplanet.com/max-keiser-they-are-going-to-take-the-u-s-economy-down.html
long Gold!!!!!!!!!!!!!!!! wheeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Don’t think we can fall this much this week. On OPX week they want to see most options expired to zero.We should have a top around 1175-1180 this week ,consolidate and close around 1165, then it is downhill starting next week.This is perfect time to go short. Don’t think we will ever see these levels for a long time.
Well, I think that any fall from here will be short lived. The start of the “big fall” isn’t likely to happen until after that print is hit.
Given the exuberance – time to start building short positions if your sitting on the sideline
Just keep this print in the back of your mind…
http://reddragonleo.com/wp-content/uploads/2010/04/DIA-misprint-03-31-2010.jpg
When hit, I’d say it’s safe to short like a madman!
Galbraith – The Great Crash of 1929
investors were described as “having vision for the future and boundless hope and optimism” and not “hampered by the heavy armour of tradition”
Eventually, market meets economic reality – rock meets hard place