Iâm sticking to my Feb 22 call that the DOW top on Feb 18 2011 signals the end of the rally. FX, GOLD etc. are still tracking sideways and this will continue until the recurring DOW/S&P500 buying support is overpowered by selling pressure. A new down leg is slowly being established, that I am sure of.
The very overdue Wile E. Coyote correction has arrived and a substantial leg down has begun in my opinion. Recap of a Feb 16 post : Have been asked to give a concise summary of what I see ahead. When DOW/S&P500 etc. overdue correction commences, I expect: UP: US Dollar, various USDXXX currencies, VIX Index DOWN: EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like COPPER etc, CRUDE OIL http://stockmarket618.wordpress.com
You posted this on January 29th : I believe Gold is up around $100/ounce since you posted, which would be around 8%. All figures rough estimates, but the point is you are in the hole on your trade significantly and possibly under margin call. Assuming you actually trade at all. You put out all these future guesses on things but seem unable to come up with successful trading stratagies. Please do post even one specific trade you are taking this week real time. This is the world that professional traders like myself have to deal with on a daily basis, I'm having a really strong month but its also not easy when world events like earthquakes distort normal trends. Simply making wildly exaggerated claims and hoping to catch a guess is not real trading. Its a scammers world. Go ahead, explain how your 8% loss on a commodity is good trading. Or will you just ignore your losing positions and pretend you never posted them ? You remind me a lot of "Deadbroke". In fact, given your opinions that both the stock market and gold will simultaneously crash ( an extremely highly unlikely paired event ), I think its a good bet you are one and the same person. Over time, I pushed "Deadbroke" on his stated stop loss levels and he kept raising them ( losing more and more theoretical money ), until finally the whole charade got ridiculous and he quit.
Another reminder that since key global equity indexes are so overextended â the overdue correction may be sudden.
"... A reminder that key global equity indexes remain very overextended and as a result the overdue correction may be sudden ..."
Iâm sticking with my Feb 22 call that the DOW top on Feb 18, 2011 signals the end of the rally. The very overdue Wile E. Coyote correction has arrived and a substantial leg down has begun. Longs please be careful. http://stockmarket618.wordpress.com
I haven't seen the Nikkei drop that much in a really, really long time, I think another 10-20% and I think I would dip into some EWJ under $9.00 a share!!!! Stocks Finish Off Lows Amid Quake Concerns *NIKKEI 8254.18 -1366.31 -14.20% *HSI 22449.6 -896.28 -3.84% *CHINA 2874.6272 -62.9998 -2.14% *S&P/ASX 200 4486.5 -139.904 -3.02% *OIL 99.09 -2.1 -2.08%
Watch all the talking fools who were all saying buy, buy, buy, buy tomorrow say that the markets were over extended and were do for a pull back, hahahahahaahahahha......fucking fools!!!! DOW FUT 11737.0 -251.0 -2.09% NAS FUT 2238.75 -53.25 -2.32%