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Author: [Investments] Topic: Stock Market Correction Finished April 17, 2012
cave0707 send a private message View Space | Blog | Friends | Playbook |
cave0707
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#1
Posted: 4/17/2012 1:04:05 PM

I called for a market correction on April 2, 2012.  It may be a touch premature to say it's done but the indices look rather robust.  I wish I had the S&P 500 index volume figures but I'm assuming it's on the high side.  I'd close all inverse etfs and go between 25% to 33% long in ur portfolio.  I'd keep the rest in cash and pyramid into this rally next week if it holds true.  There's still a real chance this rally fails ... so no more than 1/3 of ur portfolio in long positions is recommended.  Good luck to you all.

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depeche2 send a private message View Space | Blog | Friends | Playbook |
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#2
Posted: 4/17/2012 2:05:52 PM
Last call was good.  This one is too late.  You needed to make this call before today.
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cave0707 send a private message View Space | Blog | Friends | Playbook |
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#3
Posted: 4/17/2012 3:59:33 PM
Actually I may have jumped the gun ... I'm waiting for final volume figures and there's a chance the S&P 500 is very low.  If that's the case ... all bets are off ... will check later on tonight.
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cave0707 send a private message View Space | Blog | Friends | Playbook |
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#4
Posted: 4/17/2012 5:10:04 PM

Update 4/17/2012

Officially jumped the gun ... I'm market NEUTRAL.  Sorry fellas ... no volume in any of the indices ... too early to say TODAY market goes into an uptrend.  I assume with this huge increase in all the indices that volume would be high.    My mistake, I apologize.  I'd stay CASH. 

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be easy send a private message View Space | Blog | Friends | Playbook |
be easy
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#5
Posted: 4/18/2012 10:45:29 AM
link

the funny money injection has shown signs of running it's course, also looks like 'they' made a test run at running up the rates on the 10yr, and realized that is not a possibility at this point (or ever). Next move for treasuries is to get more expensive
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wallstreetcappers send a private message View Space | Friends | Playbook |
wallstreetcappers
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#6
Posted: 4/18/2012 1:54:10 PM
You are getting whipsawed, thats what the current market does to you.
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