Saturday, October 10, 2009

Chart of Charts 101009

This is quick and dirty.   Watch out for the crossover...It may not line up correctly on earlier dates.  The message of the crossover for now is bullish.

For interpretation of other chart elements, please refer to prior posts on Chart of Charts.

Bottom line?  Don't be large size Bull or Bear right now, unless you have large tolerance for pain --seriously--and then buying longer term puts may be in order for the 5% of the investing crowd who can financially and emotionally take the pain.  And keep in can't be a contrarian just by being wrong.

Once this market drops 8% in a day...puts will become very expensive.

1 comment:


    this guy thinks a crash is coming...




Insightful and Useful Comment!