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Saturday, November 21, 2009

Chart of Charts 112109 -- Slam Down Bearish

5 and 20 day moving average crossovers say bearish.   The market has had it's way with the 10 day for months, so it's bullish call is questionable.

Puts are going to get incredibly expensive soon....if you want them, get them now. 

Black Swans do not drift in, they are delivered by a cruise missile in the middle of the night, holidays, or on the weekend.


You cannot "Conquer the Crash" in a weekend, you need to be planning and acting for months.  If you haven't started it may be too late, but still--- START!

4 comments:

  1. It's interesting that after 8 months of rallying, you don't see that many people talking about the very tough times to come. Instead, they're dickering over whether the latest move is a (ii) of iv of 3 of V or something, or coming up with incredibly complex double-triple-x-y-zzzz's with an extended flat b to explain something they obviously don't really understand.

    You aren't doing that, and that's why I like coming by to see what you have to say. This latest post has more common sense and value in it than 95% of the market blog posts out there today. And for that, thank you.

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  2. Good stuff steve....I am with you i am expecting the cruise missile to start soon and it might be tonite (Sunday)....no one is expecting it....

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  3. Thanks for stopping by and commenting. I need to upgrade my comment system to match the "big blogs" but just no time to do it.

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  4. innatedc, thanks for stopping by and commenting. It is funny that everyone expects a light volume week because of holiday, and they somehow expect that HBB won't pull the rug out of the market during a holiday time. In fact, that is the most likely time for a big selloff....catch people while they are busy with other events, and then they will act emotionally and quickly, to their detriment.

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Insightful and Useful Comment!