So what are you predicting for this week? I read so guy's post on a different message board predicting another flash crash but I think that's a bit exaggerated. I was thinking a steady decline in leui of less than expected earnings. What do you think?
There are 2 stories on the bear side. 1-The technicals indicated the indexes were oversold and ready for a upward correction. That is past history, and the stronger, more reliable longer term indicators 50 DMA crossing the 200 DMA and the head and shoulders are intact and true to form. So, I cannot answer your question regarding this week.....although I am 100% invested to the short side. BUT,most of my position is longer term 6mos ++ out. EDZ is NOT a well suited investment due to the constand erosion and short term, day trading has better suited investment vehicles. I prefer the SPYDers. Tradiung the SPY short and long term. 2-The fundamentals are sickly. The TReasuries are an indication of how sickly. And the UE numbers are far worse than recent statistical analysis indicates. Wages are far worse than recent data indicates. We are on a long road (the MACRO look) to an evening out of worldwide wages. With Asia coming up and US going down. Not catastrophic, but not good, and the markets will eventually refect it.
agree with most of what you say but seems to be rigged big boys control markets and unless you know what they will do hard to bet against them .and it seems they want to prop up markets for now but good luck