Sunday

TheInflationist: Weekend Summary 150309

Post a Comment March 15, 2009 – 10:47 pm |   | Permalink |  Print This Post |

We closed out our lowest anchor at an average price of 7188. The DAX vs FTSE discrepancy/arbitrage discrepancy trade we closed out last week is back up to 210 points; giving readers another chance to close their positions VERY profitably if you have missed out (it may open up wider, but we definitely would take at least partial profit). Our portfolio is up 34% - the upside of Dow for the time being is about 7500-7600 (at 60% of retracement). At the time of writing Dow is about 7200. Maybe one more up day but do not count on it. Protect profits, take some away from the table, reanchor on momentary weakness is the game plan. A week ago doomsayers were predicting 5000, but now we see more and more blogs reporting “the worst could be over” and it has fulfilled Elliott Wave’s wave down and markets should move up from here. We will analyze our charts and plan a trade. We are in search of a Forex Robot Software for our experiment. Do not forget to take some profits on stocks before the next wave down.

TheInflationist Weekend Summary 150309