Sell Signals Abound On The Major Indices
Wednesday, 14. May 2008, 05:37:01
Stockcharts.com weekly review as of Monday May 12, 2008 reveals
1) that Dr. Joe's Chart of the Dow, $INDU, as of 5-9-2008 has broken PPO: we now have a sell signal on the DOW which is traded by DIA.
2) that Yong Pan shows the S&P, as of 5-9-2008 manifesting bearish engulfing at Fib resistance which is traded by SPY.
Investment Strategy
For those not interested in gold, I recommend that one sell the market 3/3 in Bearish Leverage; and thus my recommendations stand 100% opposite of by Lynn T in her 5-11-2008 Safehaven article entitled Data Element .
By 3/3 Bearish Leverage I recommend that one sell
the 200% Proshare Ultra ETFs and other ETFs.
or that one buy the Proshare Ultra Short ETFS
TWM 200% Inverse of the Russell 2000; chart shows that it is the most oversold of all the bear market etfs.
SKF 200% Inverse of the Financial Sector
SRS 200% Inverse of Real Estate
EWV 200% Inverse of Japan
FXP 200% Inverse of China
SSG 200% Inverse of Semiconductors
TBT 200% Inverse of the US Treasury Bond TLT.
1) that Dr. Joe's Chart of the Dow, $INDU, as of 5-9-2008 has broken PPO: we now have a sell signal on the DOW which is traded by DIA.
2) that Yong Pan shows the S&P, as of 5-9-2008 manifesting bearish engulfing at Fib resistance which is traded by SPY.
Investment Strategy
For those not interested in gold, I recommend that one sell the market 3/3 in Bearish Leverage; and thus my recommendations stand 100% opposite of by Lynn T in her 5-11-2008 Safehaven article entitled Data Element .
By 3/3 Bearish Leverage I recommend that one sell
the 200% Proshare Ultra ETFs and other ETFs.
or that one buy the Proshare Ultra Short ETFS
TWM 200% Inverse of the Russell 2000; chart shows that it is the most oversold of all the bear market etfs.
SKF 200% Inverse of the Financial Sector
SRS 200% Inverse of Real Estate
EWV 200% Inverse of Japan
FXP 200% Inverse of China
SSG 200% Inverse of Semiconductors
TBT 200% Inverse of the US Treasury Bond TLT.
