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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.

Tuesday, April 5, 2011

GDII code blue

Apr 5: $rut Jul 2007 historical top was 856.48.
so far today's high 857.81 is one point above, but still the "GDII code blue" characteristic as charts analysis indicated.
it does not affect the "GDII code blue" call.
other indexes are churning, a typical code blue move.
"GDII code blue" call not mattered by these churning noises, considering GDI eventually plunged 86%.
support me by cheering if you are a bear!

stock market has topped!

it's a style of descriptional wording.
GDII is Great Depression 2.
code blue is prolonged lasting spiral down for years.

isn't it interesting to make this kind of decades extremely bearish call while market is at the three years top!
i have "stuff" to back up my call, special report sent to members.

PS. it's interesting and amazing that most people (subscriptions and public blogs), both bulls and bears are looking for higher prices (from here), ranging from 1352, 1363, 1381, 1400+ at this juncture. while a friend sent me a note yesterday saying "you are the last bear left".
but i was very bullish during mid March bottom while most people were bearish.
now i am probably more bearish than anyone else at the top.