| | | Well, it took a lo less time than I had expected. All my indicators, except one, are saying it is time to sell and that if the sell off has not started yet, it will by Monday. The one indicator that is not giving a sell signal is the most reliable one, but it is also slower than the rest.
If the heavy hitters who are reporting this week give better than expected outlook, then the current sell signal may reverse (and the "golden" indicator will be proven right again). But if we don't make a come back, then even that one will likely show a sell signal by the week's end.
Being a person who believes everyone should put his money where his mouth is, I bought some out of money ES bear spreads, that are all in money now ;) I also shorted emerging markets (bonds and equities). I am long oil tankers and some miscellaneous equities, but they are a minority. |
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