Hard to say "top is in" only know that in rear view mirror. I had warned against short funds at this time, especially the 3X variety....because of the mkt action.
That said, and the Transports riding to a high water mark with DOW, though I disagree slightly and show a higher intrday high than some are using the closing high...the transports played catchup....hard to get too aggresive with that going on.
The FIBS I mentioned are close by...maybe that will see a more decisive signal.
7.2 million jobs lost just since 2007....other than MOMO...what's going on? VIX may hold key
I think the top was in yesterday; time will tell. I expect a deline of around 15% followed by another up move and then a 2010 slam down to new lows.
ReplyDeleteAgree or disagree? My thinking is as good as anyone elses out there at this point in time.
Hard to say "top is in" only know that in rear view mirror. I had warned against short funds at this time, especially the 3X variety....because of the mkt action.
ReplyDeleteThat said, and the Transports riding to a high water mark with DOW, though I disagree slightly and show a higher intrday high than some are using the closing high...the transports played catchup....hard to get too aggresive with that going on.
The FIBS I mentioned are close by...maybe that will see a more decisive signal.
7.2 million jobs lost just since 2007....other than MOMO...what's going on? VIX may hold key