Market view

Markets did have another choppy day ,, but ended the day with a pretty nice sell off into close.

The TVIX came actually down to my yearly support level which I think is going to hold , and which even may be the LOWS for 2012 in TVIX very possible.

TVIX is making a big bullish falling wedge down to horizontal monthly support zone 25,, so what I did were to put rest of my cash into TVIX at 25$ and even sold some TZA just to get some TVIX down here.

I think it would be very rare to see the TVIX go much lower.

Dow jones have made its high on Tuesday this week as the new year started and I think it might be the top for this year in dow jones.

Remember DOW JONES is at the HIGHEST level since October ,, and SPX and QQQ is NOT forming new highs ,, this is called a intermedaite bearish market divergence and I think its very bearish for the stock markets that another "major high" is due before the bear market should return.

In reality markets has just been pretty sideways/ and slightly up last weeks ,, so not much have changed my mind ,, the same slowly stuff before a bigger move down coming.


I called the bottom in gold and silver and I believe that those bottoms is potential a major bottom and I dont see gold and silver fall much further down.

I think this week especially on Wednesday we are going to see some wild swings , especially in precious metals, up or down,, time will tell - but as I think we are close to bottom or made the bottom in Gold and Silver ,, then I think they can move heavy to the upside,, but be prepared for anything.

When TVIX hit 25$ on Friday I actually went all in with my cash ,, right now i'm sitting 80% in TVIX at the moment and only 20% in TZA ,, NO cash left ,, I think such opportunities like we see right now is the best risk/reward plays and perfect spot for bottom in TVIX and other short ETF's.

So be greedy when other people in the other boat (no bears left nearly)

So right now taking the advantage of this and if I'm going to hold for 2 more weeks ,, let it be ,, I see the upside limited and as I said , markets has not been moving higher but sideways this week.


For this upcomming week I think we could see some wild swings from Wednesday ,, have some cycles hitting there and on Monday could be the start of the decline we are looking for.

Either way its getting close and next week again 19th-20th January is very bearish in my cycles ,, so get ready for some major things coming up.Expect the unexpected as some news could suddendly come out which gives fear in the markets.

If you have earned some money over 2011 according to my bold calls - please make a donation thank you. I've been telling my oppinion all the time ,, sometimes a bit early ,, but at least prepared many of you the moves coming. No one can hit the "exact" top and bottom to the penny , but as long you get the overall big moves in hte markets you will do well , also here in 2012.

So right now I remain extreme bearish and think we are at 2012 top.