His archives are all there, if you want to look. My opinion on Carl is that if the underlying trend is bullish, he's really good. He did see things start to fall apart, and was within 10 SPX points of the nailing the February bottom, and nailed the trend change day correctly. My recollection is that he got clobbered by the relentless parade of bad news in fall 2008. He does occasionally short the market, too.
Wait until IWM touches the upper BB to add more TZA. We're close!
I've been on the sidelines since February opex, and that seems to have been the right move. So far 🙂
His archives are all there, if you want to look. My opinion on Carl is that if the underlying trend is bullish, he's really good. He did see things start to fall apart, and was within 10 SPX points of the nailing the February bottom, and nailed the trend change day correctly. My recollection is that he got clobbered by the relentless parade of bad news in fall 2008. He does occasionally short the market, too.
Thanks Sundancer, it is certainly looking bullish.
This tip off will be filtered out and ignored by the bears.
Added more TZA, average now $8.79
Lots of reasons to like Carl here.
He does get hurt when bad news strikes, but seems to bounce back.
for those looking for a monthly trend/direction for the month of march
$SPX/SPY currently has a bullish setup with no bearish offset given the close below SPX 1115.10
Past monthly setups that we are in currently in during the month of march:
11/2003
12/2004
11/2006
5/2007
10/2007
Seems Carl is doing pretty well by my accounts.
$RUT : IWM Daily Update
http://www.flickr.com/photos/47091634@N04/43987…
if the red line fails then IWM 65.74 is the next stop