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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (279389)	9/28/2010 5:02:06 PM
From: LTK007	Read Replies (3) \| Respond to of 306849

i have updated SPX500 chart just NOW. Orange indicates all added today --the gold line is drawn at roughly end of September 2006. i will also give what Faber said on BLOOMBERG yesterday. One he feels September was strong because he sees the HindenBurg Omen when publicized actually sets up a BULLISH state--he, by his remark obviously indicates he thinks the HindenBurg Omen is RUBBISH. He thinks October/November could be tumultuous with a selling, but re-iterates his view that Fed/Treasury SPX have 950 as the MUST never be broken and this is where Bernanke comes in with a MASSIVE! QE2---(so if one sees 950, BUY!) Me , if we break 1150 i see nothing to stop move to 1225---odds strongly favor that will done by that fact we can see the BOYS are in BATTERING RAM MODE. A failure would be quite significant.Then maybe we get Faber's sell-off--i have my eyes on this in terms of going with PUTS on SPY--but the relentless pressure on 1150 keeps me from buying SPY puts NOW. Marc Faber also sees within 10years 50% of the Global Gross International Product will be all from Asia.Max