May 31
Monday
Monitoring Right Shoulder
Everyone is starting to expect a right shoulder ie rally higher. We are monitoring the propaganda from the sidelines. Took some profits, waiting to reanchor shorts. Our indicators are going up again, suggesting markets are getting overbought. If our indicator keeps going up with markets staying around this level, we are NOT convinced of a right shoulder. And if CNBC starts talking about Right Shoulder, then we will reshort ASAP!
Beware of the technical expectations. The Elliot Wave followers are divided - some expect higher high rallies. Some say crash. One camp will be right, and EW analysis will once again be triumphant!
We will stick with our own indicator. Will refire shorts when our indicator goes insane. its Getting there again!
All entries filed under this archive
Better Days
no responses - Posted 05.25.10
As bearish as we are and even though our indicator remains "overvalued", usually market tops are retested. Some argue that the Dow has double peaked. We beg to differ. We will take some profits tonight. We wrote this on 18 May: short Dax $10/point 6140. Based on our indicator, the coming decline will ...continue
no responses - Posted 05.25.10
As bearish as we are and even though our indicator remains "overvalued", usually market tops are retested. Some argue that the Dow has double peaked. We beg to differ. We will take some profits tonight. We wrote this on 18 May: short Dax $10/point 6140. Based on our indicator, the coming decline will ...continue
Bloodbath
no responses - Posted 05.20.10
Our indicators spiked even higher last night! We fired more shorts in the Dax in our personal portfolio. It appears that DAX is currently taking a beating - do NOT be deceived, it is still very high compared to other markets (China, Australia). Looks like tonight could be the night that ...continue
no responses - Posted 05.20.10
Our indicators spiked even higher last night! We fired more shorts in the Dax in our personal portfolio. It appears that DAX is currently taking a beating - do NOT be deceived, it is still very high compared to other markets (China, Australia). Looks like tonight could be the night that ...continue
Short Dax
no responses - Posted 05.18.10
Order to short Dax $20/point at 6210. ----------- Looks like it may not get there! We will chase it down - short Dax $10/point 6140. Based on our indicator, the coming decline will be big. continue
no responses - Posted 05.18.10
Order to short Dax $20/point at 6210. ----------- Looks like it may not get there! We will chase it down - short Dax $10/point 6140. Based on our indicator, the coming decline will be big. continue
Europe “Concerns” an Excuse
no responses - Posted 05.15.10
Markets crashed overnight. In yesterday's post "BIG GUNS: Shorting" we warned that there was no better time to short: Our indicator is currently at an EXTREME as per our previous post - so there is no better time to short than now. The strongest index is India’s NIFTY. Short NIFTY India 5130 $10/point. India's ...continue
no responses - Posted 05.15.10
Markets crashed overnight. In yesterday's post "BIG GUNS: Shorting" we warned that there was no better time to short: Our indicator is currently at an EXTREME as per our previous post - so there is no better time to short than now. The strongest index is India’s NIFTY. Short NIFTY India 5130 $10/point. India's ...continue
