Thursday, June 04, 2009

Topping out..yup...

Volume has been diminishing for over a month now, everyone big already positioned themselves short, now it is just a suckers game.

Most likely market will push up one more time tomorrow, I'll gladly complete my long puts and inverse UltraETFs positions and will be one happy camper...up to the day when CNBC clowns will start to blame bears yet again.

It is still possible to see SPX at 960sh and NDX at 1530sh, but the question is not IF market will start multi weeks decline, but WHEN and time left days if not hours.

Forewarned - forearmed.


And don't forget once mighty dollar which in spite of all odds will start leg up helping market's decline...