It is a human nature to admire and submit to unproven magic of numbers, in this case market needs to hit SPX 2000, but after that, especially in the period from July 7th to July19th sharp correction could be quite possible.
Tuesday, July 01, 2014
Wednesday, June 04, 2014
Monday, May 26, 2014
That is exactly how I was positioned last couple of weeks – 100% cash and not only because market is not sending clear (to me at least) signals, but also due to 2 weeks scuba diving Bermuda “expedition” – quite soon I will be old and incapable of enjoying simple stuff – that is when I will go back to work
But I do think that next STRONG move is just around the corner (that is when I trade – when I hope for strong fast moves and I try to stay out when market chugs along boringly )
Friday, April 04, 2014
Wednesday, April 02, 2014
Long term /ZN rising channel from 2006 is about to give up? Does not look like a diamond reversal anymore, thank you Putin for getting upset with moronic JPM actions…
Is it just me or the world is accelerating its descent closer to WWIII????
But … do not worry – drink beer, watch TeeVee and be happy…
Wednesday, March 26, 2014
Friday, March 14, 2014
Thursday, March 13, 2014
Monday, March 10, 2014
But will reshort again a little higher – that doji is too tempting. Trading around trading around with TDRL penetration as my “throw the towel again” reference level. Unfortunately 2 days TDRL is quite above 1900 level that is why I am so cautious and not taking big bets and closing out faster than normally would.
Looking at coffee futures and recall me saying on Slope Of Schlopes site when it was around 115 that “it is has bottomed, but with this volume I am not a game” … well, I wish I made money instead of just been right … when will I be right on the market? I truy expected mid January to be a significant top, still looking at current move up as “overthrow”, but getting increasingly puzzled every day … who knows – may be idiocy of Cramers of this world is the new wisdom … “where else would you put money now if not in stocks” … no valuation mentioned – and it is a way it is in new Aby Normal – who cares … those are tulips, they grow … still!