2008 just all over again...

Take a look @ some charts and take your own conclusions.

Careful with this bullshit

of this market... If you are long in this market do it knowing that this market is totally rigged and controlled by governments and central banks...

We are due for a fall and this time it will be nasty again.So careful.

Nasdaq100 Just completed an up move and now down we go baby...

Ups... Market is broken and the rebound is over

I was wonder why BNP and others were so weak when american markets were strong... today i had the answer...

So this market is on the verge of colapse other 15% at least so be carefull... market is broken and on the verge of breaking down a huge bear flag and with stochastic slow on the overbough zone...

One word: DANGER

Midas Touch - BNP PARIBAS Long

Last months european banks were with huge pressures... BNP PARIBAS was one of them, and since the high value of 2011 it fells 55%... and is near the low values of 2008. 

I identified a good entry point on Bnp Pariba, with great return expectation. Entered today with 3x leverage long so let´s see how this plays out. 

And here we go... DOWN

Markets are very weak, namely Europeans... But American markets are catching up and i think that SP500 are going to 1050/1060 zone before a more strong rebound. 

My guess is that european politicians are going to came up with some kind of TARP program but for Europe which will lead to a strong rallie on financial stocks in some weeks from now, but like the way markets are acting my guess is that we will see DAX @ 4800 and SP500 @ 1050 before that major rallie that i expect due to some kind of "invention" from politics... the same politics that are cluess and fucked up real bad like i and others said that they were gonna do it.

So... my plan for now is keep short DAX index.... When i go long i will add other post.

Point of return?

DAX is on a selling spree not seen in years... Has you can see DAX had a fall with more intensity then 2008 and 2001 in terms of MACD Histogram... 25% in 3 weeks i have one word... wtf? now is on a major support so let´s see...

Great Buying Opportunity

Since the creation of this blog I told you what was gonna happen in the economy... Riots and Bankrupcy of certain countries.
When there are certain cenarios politicians will allways try to save their asses and do the wrong thing. So my guess is that politicians again will create other QE3 and with that will lead to a rise on the markets. SP500 will short term to the 1260 mark and then let´s see what will happen. If market breaks 1260 and consolidate above we will see what we saw last 2 years a stronge rallie. If not is that because market will KILL QE3 and 2008 welcome back.

But for now a short term powerfull rallie is expected on the markets, so let´s buy today this market

Update: 11-08-2011 I am adding a chart of nasdaq100 where we can see that a MAJOR Short cover could occur if it breaks 2200 on the upside, because lot´s of short will be trapped again...