I would like to start of saying that I expect a total colapse of the financial system end of Feb. and it will definitley happen by the end of 2009. That is what I know!!!!!!!!!!!!!!!!!!!! I usually say well trade what you know. But with the end you do not know what will survive and what will not. Will options still be around. Will the market have a spike up. More importantly I keep saying this yet do not back it up with facts. Opinions of others? My feeling is this. Obama has to be in office for at least a month so it looks like what ever plan comes out it was his doing. Not some conspirousy cooked up and he is the pawn. So I can say without a doubt we have a little time left to trade! Here is that opinion:
http://www.youtube.com/watch?v=5OFwZd0BDKM&
http://www.youtube.com/watch?v=jfAiUBDO3MM&feature=related
http://www.youtube.com/watch?v=HdTyMHGqWeE&feature=related
Now you will notice in the next article 150 trillion in derivatives: well that is the reported amount. Transactions like the one Buffet sold 4.8 trillion to a group of investors through GS and is under water 15 billion is not recorded in these figures or most of the CDS market 60 trillion. All told the Derivatives market is over 600 trillion. But the people with really large sources of money can use these banks to manipulate any market (like oil last summer) to what ever level they chose. These institutions are bankrupt and mere vehicles for their plans. You know I pointed out in an early blog that Geithner was chosen not appointed and that Obama would not turn him down. Well Obama says he is going to end corruption so he appoints a tax cheat to the most powerful position in the world. The guy actual said turbo tax did not pick up the mistake. Anyone who has used turbo tax knows that is a lie. Many articles showing the 600Trillion dollar figure and folks even 2% of that will bankrupt the whole world system.
http://www.cross-currents.net/charts.htm
Lets get back to what is important, what is the market going to do Monday Jan. 26, 2009. I am pretty good at this not to pat myself on the back, just to show my accuracy: http://messages.finance.yahoo.com/ETFs_%28A_to_Z%29/ETFs_S/threadview?m=me&bn=45991&tid=89382&mid=-1&tof=66&rt=2&frt=2&off=1#-1 Just change to threaded at the top under As: to see the beginning of the thread.
I use options, size blocks whether being sold or bought, volume, overall % spikes, action Puts vrs. calls, Past action, a # of other factors to come up with an exact price. This is sort of practice for me since I am using a small amount of money and cannot day trade. You need to remember any system breaks down in 7 trading days. They get you playing one way then hit you. Once I see the action the predictions become more accurate. On Friday I really thought we would have a late day sell off. But the action told me 83.47 and that was resistance for the last 10 minutes and the sell off did come with the last two minutes and the futures later and tonight.
Tomorrow two possible things.
First scenario is the market might pop up first and head down or just head straight down. Target 77 SPY. With a possible target low of 74. The market would then proceed to rebound in the next two weeks to 92 for a top.
Second scenario. Is the market takes this Gap down in futures and heads up. 84.20 to 85.50 for the day. Two week Target 97 on the SPY. Possible 102. Both the longer term predictions are news dependent. I cannot tell what the FED or the stimulus will be? When it will come? Really though whatever it is I see the market heading higher. Not because it will work. Just because big money will want it to be seen that way.
I really see the first one playing out> which means I will trade it heading lower with a rise coming Tuesday. Looking to go long with everything end of day. Second scenario well I will have a bad day! Yet it should show up in the call volume and put selling so I will see it. Good luck trading.
