Markets is still in a topping process at the moment , and dont expects much higher gains. We can clearly count 5 waves up from july low and 5 waves up from December low. So everything in place for a major top is forming. I think we have a topping process over last 1 month now from 1250-1280 level where we will chop up and back. But I think the process is done or VERY close to get its big move down where I expect markets to go at least to 1180 SPX. Thats near 100 SPX points from here and most likely lower. Russels already about to roll over, but agian, wait for a confirmation move down in markets - because what markets has been done over last 4 months they are truly so manipulated, but it cant stay that for long. So it has to give soon and I still believe that we will see the move down beginning now and until end of January. So watch out and take profits if you have.
U have been saying the same thing from october i believe.Except each time it goes higher u say it will go down less and less.I think it went from spx 914 to 1040 to 1080 now u say 1180.Keep repeating u r a good luck charm sqwii.The thing is as long as there is a bernanke intervention a massive correction is not in the works.Now if the fed does exit and the economy and jobs get worse or do not see marginal improvement then yes we will dump big.But that could be a while away.And you were recommending tza at 30,28,24 20 and now at 15.I think tza at best case falls to 12's but worst case could go in single digits.I feel for you man but u have a habit of trying to predict a massive market dump and it ends up costing you.You do however suggest on occasion good stock picks and you should continue with that.Take care Sqwii all the best.
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