SP500 - I remain short on the bigger picture Short

S&P 500 index of US listed sharesFXCM

Description

⋅ Feb 16, 2015 7:51 AM

It could be something similar to what happened in July 2007.

If so it could be 10% in 5 weeks.

I can't see vertical upside here. the market is fast so far.. something has to give.

I feel the last move up last week was forced by news and is not so impressive after all.

The best case is 2140 mid march15 (worst case for shorts). I still dont think so.

Comments

NeroFinancial

⋅ Feb 16, 2015 7:56 AM

No one wants to buy this market. People are forced in by world wide interest rates. I believe this will be the greatest rip off of all time.

Dll

⋅ Feb 17, 2015 1:01 AM

Just because people are forced in to the equity, I guess the speed of going down would not be that fast. Likely a trending down with fluctuation.

IvanLabrie

⋅ Feb 16, 2015 1:42 PM

Great way to illustrate the point.

NeroFinancial

⋅ Feb 16, 2015 7:54 AM

2140 is the 1.618 from 07 high to 09 low. Just shorting what I can hold to that point. The down side is much greater.