Edited by Macro Speculator, 28 June 2012 - 02:54 PM.
Bears...don't get scared by this rampup
#1
Posted 28 June 2012 - 02:54 PM
#2
Posted 28 June 2012 - 02:56 PM
These are the wild swings we always talk up just prior to big selloffs. They confuse people, cause weak hands to cover, and a week later
we are often much lower.
I think sub-1250 is coming relatively soon...short here from a great 80 point+ move.
This is a high-confidence short IMHO. Lots of room to the downside from here...technicals/news/fundamentals/earnings all lining up again in a bearish
manner.
This is not what major bottoms look like.
#3
Posted 28 June 2012 - 04:58 PM
#4
Posted 28 June 2012 - 05:26 PM
These are the wild swings we always talk up just prior to big selloffs. They confuse people, cause weak hands to cover, and a week later
we are often much lower.
I think sub-1250 is coming relatively soon...short here from a great 80 point+ move.
This is a high-confidence short IMHO. Lots of room to the downside from here...technicals/news/fundamentals/earnings all lining up again in a bearish
manner.
This is not what major bottoms look like.
too early IMHO, far too early.. 1-2 weeks..










