Sunday, November 15, 2009

Official SELL signal in Stocks!!!

Please read in my archived section, February 23 as well as March 19th posts.... I called the bottom in stocks within days of actual low.... and in the Feb 23rd post I gave the exact range of where I expected the bottom to occur. For those who took the trade and went long in the IRA, mutual funds, stocks, 401-k's, etc... it is now time to take profits off the table.... I am expecting a serious correction in the equity markets... I plan to exit all stocks and funds on tomorrow's opening and plan to completely reverse and sell short in these accounts. I do expect this correction to bottom between Nov 25th and December 9th.... afterwards I am expecting another large rally in stocks to carry through the first quarter of 2010... more on this forecast later..