I am not convince with this stock rally. There was no detail provided from EU which looked convincing. It is one wonder rally. But follow the rally. There is no harm in taking advantage of it. As I wrote in my previous article, Wall street try to engulf maximum money of as many people as possible. Many went shorted or were bear ahead of EU summit and it was perfect opportunity for the Hedge fund manager to take full advantage. November will again have downfall since more detail about the plan is going to come out as well as US debt crisis debate will start again. So for the Hedge fund manager the only time to make money is from now till 1st week of November. We will again see pullback once many people switch position and join the rally.
Here is how to predict what the market is going to do check FTSE and DOW, they follow same pattern almost 98% time. FTSE close ahead of DOW. Atleast you wont make any mistake if you follow this pattern.
http://www.google.com/finance?q=INDEXFTSE:UKX
http://www.google.com/finance?q=INDEXDJX:.DJI
The rally looks similar to before 2008 crash.
I think shorting or by put on FXE 142, SPY, DIA, TNA at this level will pay off nicely.
Buy VXX at 36.11, TZA
Here is how to predict what the market is going to do check FTSE and DOW, they follow same pattern almost 98% time. FTSE close ahead of DOW. Atleast you wont make any mistake if you follow this pattern.
http://www.google.com/finance?q=INDEXFTSE:UKX
http://www.google.com/finance?q=INDEXDJX:.DJI
The rally looks similar to before 2008 crash.
I think shorting or by put on FXE 142, SPY, DIA, TNA at this level will pay off nicely.
Buy VXX at 36.11, TZA
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