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Henrique Simoes
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  • Richard Russell: More Bearish Than Ever 4 comments
    Jun 24, 2010 7:45 AM | about stocks: SDS, QID, SPY, QQQ
    Richard Russell, the famous writer of the Dow Theory Letters is more bearish than ever: "We are now in the process of building one of the largest tops in stock market history. The result, I think, will be the most disastrous bear market since the 30s, and maybe worse"

    But even more worrisome is the recent Felix Zulauf`s interview where he stresses similar concerns and gives a long term price target of 500 points to the S&P 500 Index. Zulauf is the only market strategist that I know that has called all the major moves in the markets over the last couple of years. 

    You can read some excerpts of Zulauf`s recent interview here







    Disclosure: Short the US Stock markets via eMini S&P 500 Futures
    Stocks: SDS, QID, SPY, QQQ
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  • richardnday
    , contributor
    Comments (7) | Send Message
     
    I have been working with a business partner for over twelve years trying to make sense of the stock market. Our SPXTimer, which is a simple market timer, agrees with Richard Russell.

     

    The level of the market is not supported by the volume. Specifically, the market has been in divergence with the trading volume. The market has been going up as the volume has been going down. (Look at some charts.) At some point, perhaps now, the market cannot continue to rise on fumes.
    24 Jun 2010, 10:08 AM Reply Like
  • Henrique Simoes
    , contributor
    Comments (75) | Send Message
     
    Author’s reply » What is the SPXTimer you refer to?

     

    Cheers
    24 Jun 2010, 10:57 AM Reply Like
  • richardnday
    , contributor
    Comments (7) | Send Message
     
    The SPXTimer is a market timer that works very well on leveraged ETFs. You can see more at spxtimer.com/Market_Ti...
    18 Oct 2010, 05:35 PM Reply Like
  • rapsteno
    , contributor
    Comments (9) | Send Message
     
    A very simple, reliable indicator can also be used for short-term gyrations in the S&P which can aid trading in the overall market. When the S&P moves 6% or more above the 50MA, chart patterns will generally fail to hit their predictive targets. At 8% or more above the 50MA chart patterns generally fail. I use this for position/swing-trading. At 8% or more I go to cash.
    16 Jan 2011, 05:47 PM Reply Like
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