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FinancialAdvisor

06/02/05 2:01 PM

#8555 RE: FinancialAdvisor #8341

*P.T. 101 - USPIX: 15000 shares @ (price pending)

*This brings the "million dollar" portfolio's position to amazingly overweight on the USPIX. I can't help but see a top around the corner & a period which soon follows in which at least 95% of the equities on the market get slammed lower. Thus I believe a position in USPIX is still much better then holding cash at this point. I use the QQQQ as a proxy for the markets, and today's dull low volume green move thus far is a red-flag to me. I also believe that the major pennants coming together soon are going to manufacture a top and a sharp decline shortly after... #msg-6505934 ... My thoughts aren't alone, another gentlemen speaks of a major geometric top coming & it's right around the corner #msg-6510529 ... add in the "Bradley turn" dates, one of which is today, and many others approaching and I believe we are headed towards a period where market volatility will increase. To me, volatility increasing at this stage in the market game will lead to a market decline...