Wanted to let you guys have my thoughts on the market. Yesterday I cleared vxx and srs for a gain. This was done because it was my largest positions and I think we could reenter these trades at a lower price. I included a list of insider buy and sells (Below and it is a free service). Look at the dollar amounts on the sell side.
I am extremely bearish here. The moves that come up here shortly could be very fast. Things may be moving so quick I might not be able to post my entries very quick. The big support coming up for the S&P 500 is 1060 & 1040. If we break 1040 we could see a 1000 real quick from there it is 872. So here is my game plan, any rally I am going to short using SH call options, SRS stock and VXX stock.
Also RIMM broke critical support yesterday of $64.20 next stop is $56, all of tech looks really weak here. Even appl could see $150 again, BIDU was freaking hammered yesterday, bonds were on fire and the dollar rallied. Once again watch 1060 and 1040, we never move down in a complete straight line unless we have a market crash (which would be nice). This is a once in a lifetime opportunity and gains of 100% are very reasonable in a short amount of time. We will also in 6 months to a year have a clear buy signal for over seas markets and some US equities.
Joel
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