Friday, August 28, 2009

TIME is up....

don't be like this guy....


Let me re-post this graph to alert you that we're entering into the ZONE where a major correction could happen. The price target has been reached and the time target is close enough to put you on RED ALERT.

The S&P500 has some serious RESISTANCE above in the 945-950 area and any break from here should be taken as an opportunity to look at he short side. There is still more upside possible but is seems we are at the 1st good crossroad.

The degree of optimism in the market and the analogy to 1938 should also put you on alert because Mr. Market never goes where they want him to go or where the HOMO ONIVUS goes... (=the herd man)


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