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...

New Highs - Indexes will explode higher again

One thing that i learned is that economy and markets are not the same... We all know that economy is all fucked up, and we said 2 years ago that this situation was going to happen... 2 years ago i and others were insulted and trashed when we said that countries were bankrupt, now that news are made about that topic the same people that insulted don´t tell nothing... But one thing is economy and other are markets... and by charts we can see that this bull run is not over. Take a look @ SP500 weekly... Daily we are due for another bull run. So shorts be aware... turn off the tv and watch only charts. Economy is bad and will be worse before it gets better, but for now the way of markets is up.

And up we go...

With no comments, i let the chart speak for himself.

Million dolar chart

Up we go... sweet spot for q huge buying opportunity.

Update - Bullish configuration

We have a bullish configuration present. Facts:

Too much bearishness
Great Divergences
Completely oversold on daily

http://www.aaii.com/sentimentsurvey/sent_results

Just bought Nasdaq100 @ 2220.

H&S breakdown = short squeeze

Keep the following in your minds... every H&S on S&P500 that was breakdown, few days later major short squeeze... Now everyone again is talking about the H&S, the 1250 value, bla bla bla... Be carefull with shorts.

Long on S&P500, Nasdaq100 and Silver.