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so it goes down forever? we are in a bear market and shorting will be the wave, today was day 4 in setting up the countertrend rally. I have my calls for till june. lets see how long i hold them.
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Every once in a while the market does a VERY extraordinary job of confusing the most people possible. This is one of those times, and I am anticipating what I call the Trillion-Dollar Head Fake.
The Trillion-Dollar Head Fake will:
# Take the broader indexes higher for a short while on an over-the-top bearish reversal. # Take energy and energy infrastructure complex stocks back to January lows via a sharp, secular bull-market correction. # Suck in a bunch of money at the top of the S&P 500, Dow and Nasdaq trading ranges. # Suck money into the Nasdaq 100 stocks and Philly Semiconductor Index. # Turn that latecomer money into dog poop.
This is the time to re-examine your exposure to the energy sector. Remember, it's important to have the firepower to profit when the head fake itself plays out.