Another thread with 12,000 written all over it. There I said it. Dont be fooled my the massive rallies here and all around the world. Market is headed back down.
I think the rally will look like an exhaustion gap soon. There, I said it! DISCLAIMER: Soon means the next 2 weeks.
I think now is a good time to go long on the UltraDow. I think I will, at least through the end of the month.
Im long the UltraDow at the moment. Will sell once the DOW gets into its 33-34 new record high since October 2006 and then throw it into TWM. If the dow gets near the 12600+ range its certainly going to take out 12786 without a problem and most likely 13,000.
wtf it looks that even I will become US market bear. tommorrow looks extremely dangerous - both for bonds and stocks. I bet we will get some talking from the fed soon about how serious they are about inflation fighting - only this time everybody will give a ****.