Sunday, February 07, 2016 9:58:51 AM
The SP500 and Q’s are either at a point of exhaustion on the downside, OR, we about to embark on the Worst few months (and down-draft) since the GREAT DERESSION, I pray for the former me-amigo’s!!
Our proprietary system says we are at a MAJOR buy point in history, I’m talking about one so BIG that it rockets back up to the ZERO mark for the year(109.83 for Q’s, 2005 SP500) and then( against ALL that is calculate-a-ble based on the Tech-nickles), climb up out of da-Ashes to make NEW ALL TIME HIGHS this year??
That said, How can ANYONE( with all the headlines, Charts, and even CNBS’s “Fast “money” proclaiming SELL-SELL-SELL da-RALLIES), go against said data and, well, BUY NOW…
Well Campers, History tells us that MAJOR inflection points occur in da-midst of said “Obvious” advice and data telling us to do exactly what we should NOT be doing, hence, we choose to go against da-“Obvious” and make the contrarian play.
The picture painting da-Manipulators painted on Friday may look “Ugly” to some but for me, well, it was a thing of BEAUTY ?
For those following me rantings you know I’ve already made such a play. I went to 200% my normal LONG play with ZERO short positions on(yes, I was SHORT and LONG going into Friday but I unloaded ALL me SHORTS near the bottom yesterday), you guessed it, Crash-n-Burn Friday!!!
This is extremely unusual for my port to have a bet in one direction of that magnitude, BUT, the REWARD for what seems a VERY Risky bet is, well, just silly in terms of $Coin-age gains, LOL…
What I can say is this, even if we ONLY get one of those goofy “JAM da-SHORTS” moves we could easily see the SP500 breaching the 1950 marker this week, BUT, I think something BIG is going on(MAJOR Inflection Point), and 1950 is gonna get BLOWN out. I would NOT be surprised to see 1980 this week and a return to 2005 by 2/19…
In da-Mean-Time, enjoy your Super-Bowl Sunday and know dis, I’ll be posting price 4cast Monday morning for da-Q’s and I can tell you this, the closing price of 98.12 is BELOW the Low-of-Day on dat dare Monday 4cast, O-Boy…
And dat’s about alls-eye gots-ta say at dis-time, Good Day All…
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