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Is it time to short the market?
- Thread starter kingat33
- Start date
Wait, you short now and you will regret.
A bird in hand is better than two in the bush...
Dey..u sure?
.....the mkt is watching you man.........
I think the recent rise has aroused alot of bullishness, a pullback now could be short-lived... wait for Sep top?
Also take note of Bradley turn date on Sep 14/15.
http://www.hsdent.com/bookupdates/
HS Dent Great Depression Ahead Book Update #3
Monday, July 20, 2009
We have been looking for a top to this bear market rally as early as mid to late July as per our last update. It is very possible that the markets could top by Tuesday July 21 or Wednesday July 22 on this current rally, but at lower levels than we originally expected. There is strong resistance just above the recent highs on the S&P 500 at around 956 - 959 and on the Dow around 8,900 or a bit higher. We have two scenarios that are very different. The first would be a peak near term at the above levels. Some of our most important technical indicators are saying that this rally is running out of steam.
The second would be a pullback after testing those levels and then a final run into as late as early September at potentially much higher levels. In that scenario a break above the strong resistance at 956 - 959 on the S&P 500 would cause a lot of the institutional money on the sidelines to start rushing back in. The best way to play this would be to be more flexible and sell your stocks if we hit 956 - 959 on the S&P 500, likely on late 7/21 or early on 7/22, and then rebuy if the markets pullback for days or weeks and break conclusively above those levels again. Then sell again by early September. If you are not willing to be that flexible, then more conservative investors may want to sell at the targets above and more aggressive investors may want to hold out for higher highs as late as early September.
Also take note of Bradley turn date on Sep 14/15.
http://www.hsdent.com/bookupdates/
HS Dent Great Depression Ahead Book Update #3
Monday, July 20, 2009
We have been looking for a top to this bear market rally as early as mid to late July as per our last update. It is very possible that the markets could top by Tuesday July 21 or Wednesday July 22 on this current rally, but at lower levels than we originally expected. There is strong resistance just above the recent highs on the S&P 500 at around 956 - 959 and on the Dow around 8,900 or a bit higher. We have two scenarios that are very different. The first would be a peak near term at the above levels. Some of our most important technical indicators are saying that this rally is running out of steam.
The second would be a pullback after testing those levels and then a final run into as late as early September at potentially much higher levels. In that scenario a break above the strong resistance at 956 - 959 on the S&P 500 would cause a lot of the institutional money on the sidelines to start rushing back in. The best way to play this would be to be more flexible and sell your stocks if we hit 956 - 959 on the S&P 500, likely on late 7/21 or early on 7/22, and then rebuy if the markets pullback for days or weeks and break conclusively above those levels again. Then sell again by early September. If you are not willing to be that flexible, then more conservative investors may want to sell at the targets above and more aggressive investors may want to hold out for higher highs as late as early September.
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