Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Blow Off Rally Over...

I will update the high risk chart and provide full analysis tomorrow, though odds super high the white contrarian lines will leave those red circles in chart below, which signals top is in. Too early to say whether its the one following the middle or final rally, though either way I'm out of the market today, sitting in cash. I will short when the trend turns officially negative - later next week - and then wait for those white contrarian lines to reach the oversold line before deciding whether to buy or hold onto shorts for the big win. Buckle lads, things likely to get real scary real fast from this set-up.

Kevin.

Disclosure: I am long QLD.