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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Thursday, November 4, 2010

new bear market rally high; more shorts at 1220 - Final P2 wave.

a little spike at both top and bottom is over-throw.

i like what i see, just added short position at spx 1220.
stop 1.5% or spx 1240.
it's adding to the lose position, i usually don't do this and don't recommend doing so.
it's a bear capitulation day everywhere.
but i still see the grand crash with a speculative potential smaller crash first around Nov 17+-2, then going forward with bigger 45%+- grand crash.
it's highly speculation, i don't recommend follow this average down trade.
this reminds me the $USD double top in June.

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