moving to 100 % short iyt

now cnbc is talking about higher oil is ok with usa able to spend more for gas look out below ! but really the oil trade is key here what 118 means is beyond what i can tell you in my ewave and fib work if we take it out well we are going to be seeing sp and djt drop fast and very big i dont think we are in wave 3 of 3 up till my cycles have the pull back at best we have my first wave and we should drop in wave 2 down at which point the whole should get very bearish again this should be into 5/20 time zone . with the checks going out this week to some it will go to only gas and bills from us to them wink!! so for now I SEE SOME BIG PULL BACKS OVER THE NEXT MONTH AS I SAID ON 3/20 WE SHOULD SEE LITTLE TO NO RES FOR THE NEXT AKA FIRST 200 TO 230 SP PTS AND THAT DJT WOULD LEAD WAY UP TIME TO BACK AWAY .HOUSING IS ABOUT TO SEE LITTLE TO NO IMPROVEMENT HERE IN FACT WE ARE SEEING INTEREST RATES POP ARE MY FORCAST A FEW WEEKS BACK I WAS AND HAVE BEEN SHORT US PAPER AND RATES ARE ON THE RISE AND YIELD TO BE GOING UP THE REAL STOCK RALLY WILL BE INTO MY SEPT TO JAN WINDOW FOR THE TOP OF MY WAVE 5 BLOWOFF BEST OF TRADES AND MILBANK IS VERY RIGHT ABOUT THE FUTURE OF HOUSING ! MY LOW IS FROM 10/2009 TO 10/2010 BASED ON CYCLES OF DEBT AND HOUSING LET THE GAMES BEGIN !

now cnbc is talking about higher oil is ok with usa able to spend more for gas look out below ! but really the oil trade is key here what 118 means is beyond what i can tell you in my ewave and fib work if we take it out well we are going to be seeing sp and djt drop fast and very big i dont think we are in wave 3 of 3 up till my cycles have the pull back at best we have my first wave and we should drop in wave 2 down at which point the whole should get very bearish again this should be into 5/20 time zone . with the checks going out this week to some it will go to only gas and bills from us to them wink!! so for now I SEE SOME BIG PULL BACKS OVER THE NEXT MONTH AS I SAID ON 3/20 WE SHOULD SEE LITTLE TO NO RES FOR THE NEXT AKA FIRST 200 TO 230 SP PTS AND THAT DJT WOULD LEAD WAY UP TIME TO BACK AWAY .HOUSING IS ABOUT TO SEE LITTLE TO NO IMPROVEMENT HERE IN FACT WE ARE SEEING INTEREST RATES POP ARE MY FORCAST A FEW WEEKS BACK I WAS AND HAVE BEEN SHORT US PAPER AND RATES ARE ON THE RISE AND YIELD TO BE GOING UP THE REAL STOCK RALLY WILL BE INTO MY SEPT TO JAN WINDOW FOR THE TOP OF MY WAVE 5 BLOWOFF BEST OF TRADES AND MILBANK IS VERY RIGHT ABOUT THE FUTURE OF HOUSING ! MY LOW IS FROM 10/2009 TO 10/2010 BASED ON CYCLES OF DEBT AND HOUSING LET THE GAMES BEGIN !

Fighting that whole Dow Theory buy signal we just got, eh?

http://media.marketw...rtdowtheory.wma

And you're going short now, for a low you anticipate 17-29 months from now??

Seems like a poor bet to me.

Scott

Edited by scott in Wisconsin, 02 May 2008 - 07:33 PM.

I do not believe his IYT goal is that far out. Bet it's a 3-6 week trade. I have also been watching this as we traded options on the IYT earlier this year (wild moves). Wavetimer what is your target? DJT - 4000? JDJ