MARKET THOUGHTS

hi folks so sorry for having to use the Crash word but i do have a set up looking for dramatic pull back . this is most evident on my leveraged short Europe charts. if the down trnd line is broke to the upside .. a few days away... that move would create propulsion to push the oscillators up thru their momentum area ..0-line and produce a test of the recent June Lows .. which i was fortunate enough to see as a low going 25% long June 1st and 100% on June 4th . so im not viewing things only as bullish or only as bearish im actually seeing the conditions for what they are bullish in a bear market until something says otherwise. and although i anticipated yesterdays pullback by exiting longs and shorting thru the RYWYX +7.32% yesterday for a quick trade expecting to exit that position today or monday as i expected market conditions to grind higher into july , my morning work now has me more comfortable holding shorts not just over the weekend but well into next week as the set up i described is warning me not to go long. not only do i have a set up to go long Europe shorts, now two days old, i also have the propulsion set up. .. we would need the markets to move up quickly and strongly to negate this. until that happens be safe.. for two weeks... as we near what is likely to be a set of dramatic down days or a crash. as i type this most markets are up .50% or better for the RUT.. if they are lower now ..it means we will likely fill the gap up from this am .. and what i have said above is strengthened. best wishes

Edited by Mr Dev, 22 June 2012 - 09:51 AM.

Looking at some scary charts last night I asked myself: "Where's Mr. Dev?" FWIW, Mr. T has been calling for a bear rally and top near the end of June based on a "Bear Market T"

Edited by Rogerdodger, 22 June 2012 - 10:00 AM.

crash! oh mama mia.. i see still up after a sell off into the summer..Olympics are coming...

hi R. i hope all is well. my internal charts are actually still positive but also support another re-test of the lows or a 10% decline from the recent highs, for the RUT to move back down to 711 and easily could also bounce back for another bullish run up to 800 . i'm not really focusing beyond that down up scenario pending any actual decline and the extent of the oversold oscillators if in fact we do test the 700 area and if it holds. in trying to express what i'm seeing in wave terms is a 4th wave up may have completed and a 5th wave down to follow .. sharp and final. again im not a wave guy but my first scenario is this could be a 5th wave or the other scenario is it breaks support and extends producing a longer 3rd wave . i won't position based on that ahead of time,..but just putting it on the table. what i will be watching are the shorter term daily oscillators/ trendlines and momentum areas until my long term bear market indicator turns bullish again, and from the current levels that's not likely to happen very soon, but i'll keep you posted. while we spend time in bear territory bad news seems to spring up out of no where when prices move into resistance, so with the new signal and the set up i'm also expecting some kind of negative NEWS to put the damper on our recent hopes for more of a rally.

Edited by Mr Dev, 22 June 2012 - 10:26 AM.

Hi Dev, Welcome back. My work indicates to me we will be range bound (in the next 2 or 3 weeks) with 1330-1335 as a pivot. Definitely, we could go lower from here but I would not worry much as I expect all dips to be bought. 75% in cash should be good with rest allocated to longs or shorts (doesn't make much difference) since everyone will get their chance before a higher swing later.

...and although i anticipated yesterdays pullback by exiting longs and shorting thru the RYWYX +7.32% yesterday for a quick trade

best wishes

Congrats on that 7 percent quick trade yesterday. Nicely done.

hi folks so sorry for having to use the Crash word but i do have a set up looking for dramatic pull back .

this is most evident on my leveraged short Europe charts. if the down trnd line is broke to the upside .. a few days away... that move

would create propulsion to push the oscillators up thru their momentum area ..0-line and produce a test of the recent June Lows .. which i was

fortunate enough to see as a low going 25% long June 1st and 100% on June 4th . so im not viewing things only as bullish or only as bearish im

actually seeing the conditions for what they are bullish in a bear market until something says otherwise.

and although i anticipated yesterdays pullback by exiting longs and shorting thru the RYWYX +7.32% yesterday for a quick trade

expecting to exit that position today or monday as i expected market conditions to grind higher into july , my morning work now has me more comfortable

holding shorts not just over the weekend but well into next week as the set up i described is warning me not to go long. not only do i have a set up

to go long Europe shorts, now two days old, i also have the propulsion set up. .. we would need the markets to move up quickly and strongly to negate this.

until that happens be safe.. for two weeks... as we near what is likely to be a set of dramatic down days or a crash.

as i type this most markets are up .50% or better for the RUT.. if they are lower now ..it means we will likely fill the gap up from this am .. and

what i have said above is strengthened.

best wishes

Thank you Dev, reading your comments is always a pleasure. I am looking at the end of the bounce as well and at the resumption of the IT bear.

Best to you.

Next two trading days are crucial if it is going to crash.

Edited by redfoliage2, 22 June 2012 - 11:53 AM.

Why do you think we are going to crash? I didn't see a reason in your post. Thanks.

hi Dr.
Thank you for sharing good advice.
My post is just a warning as my US Market daily indicators are not yet
confirming the change of the uptrend although that could come monday.

The wise men regulate their conduct by the theories both of religion and science.
But they regard these theories not as statements of ultimate fact but as art-forms.

Hi Dev, Welcome back. My work indicates to me we will be range bound (in the next 2 or 3 weeks) with 1330-1335 as a pivot. Definitely, we could go lower from here but I would not worry much as I expect all dips to be bought. 75% in cash should be good with rest allocated to longs or shorts (doesn't make much difference) since everyone will get their chance before a higher swing later.