The end of stock market history.

This is it kids. I"ve been warning you for months now to keep your powwder dry. It's now time to start shooting. The ending pattern which has developed in five waves over the past few months is now over. Today's drop through 10,600 has broken the ending diagonal capping off the fifth wave in the sequence. While there is still the minimal possibility of a return to 10,700-10,830 there is no reason to have any confidence in that possibility. It's time to get short whether through inverse ETFs or by some other means. My advice - do it now and hang on for the fireworks.

Edited by CallMeIshmael, 15 January 2010 - 12:17 PM.

i suggest not to jump shorting too soon//wait for a pattern to develop.you may leave something on the table but shorting is STILL against the trend

i suggest not to jump shorting too soon//wait for a pattern to develop.you may leave something on the table but shorting is STILL against the trend

Thanx for the advice (and it's good advice). But not for me. I'm all in (with stops of course). Wish me luck.

This is it kids. I"ve been warning you for months now to keep your powwder dry. It's now time to start shooting. The ending pattern which has developed in five waves over the past few months is now over. Today's drop through 10,600 has broken the ending diagonal capping off the fifth wave in the sequence. While there is still the minimal possibility of a return to 10,700-10,830 there is no reason to have any confidence in that possibility. It's time to get short whether through inverse ETFs or by some other means. My advice - do it now and hang on for the fireworks.

I've been trading since 1985 buying dips, trading on balance long and full time since 1998. Shorted key months in previous years but only for weeks at a time. Now is the first time ever I'm largely short for the months to come. It appears to me it will be that bad. I will sell rallies though I will make occasional long trades for a few days on oversold periods. I've been very optimistic for years until last summer when my bias began to turn sour because of "the writings on the wall" now. Seems obvious to me though maybe not someone here and I care not to write a book why. Que sera sera.