precthers 200% double short from 100 s@p pts or more ago is effectly a busted trade now. but with hardly a bear left breathing and so many indicators from put-call to investors intelligence record low bears on top of 75% up in 10 months with no a major analyst on wall street looking for a down year i'd be very careful if i were long. theres huge air pockets under this mkt as it ran with no vol and theres few shorts left to cushion a fall. once it turns it could be some of the fastest action we've ever seen. the problem is theres no way of telling when.
VIX 18.13 Bought some cheap puts (AEX Amsterdam) for next week. With such a low VIX and such a struggle to maintain these price levels in Europe last 2 days, i'm expecting some action before expiry... Let's see how i start 2010
Wave C @ AEX... ps. Bad start of the year... got played by "the big boys", keeping index high before option expiry today and letting it go after
The wave count for Primary Wave 1] or a] is quite completed . So the Market is going DOWN to end of Intermediate Wave 1]4) . But the fifth Minor Wave of Intermediate Wave 1]5) is quite small, so it may be just the first Minute Wave 1]5)5.1 of the fifth Minor Wave 1]5)5 of the fifth Intermediate Wave 1]5) of Primary Wave 1] . Wave five is treacherous, it may be a failure, extend or disappear :eek: .
Guess who? THE TOP IS IN!!!! The triple zig zag is COMPLETE! Unless it isn't. The market will crash in a spectacle like it hasn't done in 200 years! Unless it doesn't. I recommend a maximum leveraged short position!!!! Unless you can't stand to lose all you have. Have you thought about signing up for our world-wide market service? (sarcasm and comic relief intended)