perlboy

U.S. Stocks either entering bubble take off or ready to crash

FX:SPX500   S&P 500 index of US listed shares
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U.S. Markets have been on a long term bull market since the GFC. With money printing finally stopped the injection of capital by large financial institutions is now waning. Multiple analysts have now suggested we are reaching a double top pattern with one calling a short @ 2057.4. We hit this number in the final hours of last nights trading session.

Conversely some stocks have already started downtrending with the two I'm long on (#BABA and #TWTR) coming off their highs. It has got to a point where typical short term (1hr & 4hr) indicators would suggest a bounce however the overall market could weigh heavily on these.

For now I'm holding my Long on these shares and waiting for overall market movement. If we burst through this top we could enter parabolic mode but if we reverse we could be looking at a sharp correction (some are estimating 5-10%). Overall I'm heavily weighted on precious metals with a 4000oz long on Silver             barely at break even. If the correction happens I'm expecting a flight to safety into these commodities (which will far outweigh any stop loss executed on my share gambles).

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Patladj.
2 years ago
Does not make sense correction ot stock market toghether with rising precious metals. It was only when there was fear of dollar collapsing by americans. The of dollar collapsing has now subsided on apr 2011, and confirmed on Apr 2014. (http://www.google.com/trends/explore#q=dollar%20collapse) Dollar will be the safe heaven during this stock correction. Metals will have their final blow now. I project Silver to reach $9 per ounce. After that you must buy Silver. It will be heavily underalued. Actually it is undervalued now too, but will stretch even more because of dollar strength. Sell dollars when Silver reach $9,and buy Silver. Be short on Silver now. Dollar will explode north so violently at any moment. Buy dollar now may be the trade of life. Sell Dollar when Silver reaches $9
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