Featured Blog Posts – November 2009 Archive (3)

Andrew Cardwell Charts for 11/12/09:…

Continue

I spent my morning reading through various market blog and news sites. I do this from time to time to gauge market sentiment.



I found very few posts expecting a decline in equities. The few posts that were bearish were tentatively so. None were decidedly bearish. I have found recently that many long time bears have turned bullish in the last 3 weeks and now that a decline may be setting up they are sticking to their new bullish position.



I found no posts expecting a… Continue

I rarely make such pronouncements, but I think the evidence points to a substantial selloff in stocks and a very large rally in the USD commencing immediately. Commodities, including precious metals, should also participate in the downside.



I have been reluctant to counter trend trade since March, but since the uptrend is violated and there is a short term downtrend we can go ahead and put on a reasonable short position. My target is the 200 EMA on the SPX.…



Continue