24 AUG 2009, Monday

1. Lifted the above chart from evilspeculator.com. It pretty much sums it up. (Double clicking on charts/pics makes them bigger.)
2. We get a small daily correction...down to 1010? Then we ramp up toward the 1050 area? He thinks higher toward 1100. Which would be fine with me, too. The higher the price, the better the short! Time wise? Don't know...early to mid September? Who knows? It just seems like we're in the final innings.
3. Soooo, I am getting ready to shut down long trades soon and just try to focus on the short side. I'm just trying to avoid being too early.
4. Of course, it doesn't have to immediately reverse either. It could just enter into a consolidation range while "Da Boyz" sell their inventory to the now very hungry retail investor. But that's OK...Down is what I want but I'll take side to down, too.
5. Some good examples of tops after big rallies can be found at this link that shows Japan's Nikkei Dow during the deflationary 1990's.
6. Can this keep going up. Sure, anything can happen! I just try to lean where the probabilities are greatest. If I have a plan and work my plan, that is the correct thing to do win or lose.
7. To all investors that have been in this upmove from March, it's been one heck of a move 54% in almost 6 months. That's a 100% annualized rate of return! Is that realistic? Make your plans now on what you will do to protect yourself. There is no rule saying that you always have to be exposed to stocks. Cash is a position. You can always go back in when you choose to.
8. You don't want this guy to get at your accounts again.