Seeking Alpha

Sajal's  Instablog

Sajal
47 Followers
13 Following
Send Message
Stock market and technology enthusiast analyzes the financial markets, economic trends, technology ideas, and tech companies. Sajal has a passion for investing and evaluating/refining ideas using fundamental and technical analysis. Understand. Collaborate. Profit.
My blog:
Fundamental Insights and Ideas
  • Bob Janjuah : Exit short positions if market crosses 1022 4 days in a row.  0 comments
    Aug 25, 2009 5:04 PM | about stocks: SPY

    Note: This post originally appeared here: http://bit.ly/1Gepi

    Came across this David Tice interview, courtesy Pragcap.

    While the interview was standard David Tice fare, there was this quote from Bob Janjuah which caught my ears. (I’ve referred to his crash warnings earlier here. For an even better compendium, check out this FT Alphaville post.).

     

    IF market closes above 1022 for 4 days in a row, it is time to hit the exits.

    Note: Here "exit" refers to exiting from his short positions via stop loss. Basically, he's looking for a momentary spike to 1025-1050. If we can sustain above 1022 for 4 days, then it's time to exit short positions as another asset bubble is coming our way...

    Hmm..I guess we’ll find out soon enough! (Tuesday was the second day the markets did exactly that).

    PS: As I type this, the Asian markets are selling off. If the sell off should extend to the US markets and S&P 500 closes below 1022, then this count shall be reset to zero.. 

    Themes: markets, outlook Stocks: SPY
Back To Sajal's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Most Commented
Posts by Themes
China, Economy, Market Outlook, markets, outlook
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.