Tuesday, August 4, 2009

1100-1200 S&P is what they all say

Now that everyone is bullish, and I mean everyone (the bears are even buying), the correction is in sight.

IYR: $39-$40 area is great to enter short.

I don't think we will see 1100 on the S&P.

The dollar will find a near term bottom soon.

If the S&P gains another 7%, then back up the truck short because that will be a 50% up in the S&P since the lows.

Get short soon and walk away. Check your account in 2 months.

3 comments:

  1. I appreciate your market comments.I wish you keep your market commenets updated more often.As far as I am concerned,your site is the best among all others incuding Tim knights site.

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  2. thank you. as long as I have some visitors I'll keep updating!

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