Friday, June 12, 2009


Just been watching (small long this morning but thats it).

This market is incredible. NEVER ever seen this before. Take a look at the DOW daily. Incredible. Volume increasing and still the same range. This is going to be one amazing breakout whichever way it is.

As posted by zerohedge, the amount of margin in bullish funds is at extreme levels. What that means is that at the first sign of weakness the margin will be sold very quickly to avoid losses on capital. Of course this is all supporting my bearish stance but it should be very interesting.

1 comment:

  1. Hi chris hope you are back in the game.

    I see 880-888 or even 850 in the next two to three days. then a huge bounce to 1000 by early july.

    would love to get your read on this market.