Seem like there was blood in the streets today but we haven't seen nothing yet in my opinion. I believe we will be south of DOW 10000 very very soon. You can't say you haven't been WARN but this market when all is said and done will be much much lower, today''s trading is testament of that. While I do believe we will get a bounce here and there because of the optimistic nature of most it wont last long. I expect any good bounce to climax and head south harder.
Don't throw away you money folks this market is in an prolong downtrend and wont reach new highs andtime soon. You must understand nothing goes in a straight line and we will get bounces but they will all fail miserably. Saying that, I expect some of the large banks to suffer major losses and go under (YES BANKRUPT) when this is all over. The Tech sector where everyone is hiding will crack and high flyers like BIDU and FSLR will see double digits once again.
The deal here is to short the bounces. That's the key period!!!!
On the horizon I will be adding alot of new stuff to the blog but as it is my aim to keep it simple as possible for the average joe, I still want more readers to have more options in trading. Soon to come will be alot more information and strategies on futures trading and how to profit from managed futures, so stay tuned.
Hope you are all profiting from the wonderful calls here because they have been unbelievable. One of our futures account is up 30% since last thursday, yes 30% in a week, just awesome.
MARKETJEDI
Friday, June 27, 2008
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