friday belting, page-51

no worries prophet, all cool

yes, DAX took a while to respond, but when it did, it really did.

all my shorts are nicely in solid profit now, pleasant surprise this morning, mind you, i wasn't worried about leaving them open as we're well and truly due for a sell and the odds were highly in my favor so it was expected.

and I don't believe for a second a significant bounce will come, obviously there will be a bounce monday or tueday of some sort, but I don't believe it will be anything significant or even really tradable (except to pick up more shorts).

We are going to have a crash/correction people. What is more spooky, I was in a meeting back in april this yr, a Safety in the Market meeting where the speaker said that David Bowden predicted that the market would fall this year on Oct 19 and it'd be the start of one of the biggest crashes we've seen. a nearly 400 pt drop in one session on the dow is indicative he may be correct. its 20 yrs after 87, the economy is topping out. Incidentally, and I took note of this, the prediction was a 9 month crash/correction starting Oct 19, followed by 3-5 yrs of the biggest bull run we've ever seen before. I wonder if that actually pans out!!

Can see the DOW easily falling to 12000 and below, ASX sub 5000 FTSE sub 5000 as well. major falls to come I believe.

so where's all the bulls who've been telling us bears we're stupid and don't know whats going on. Take a look back over the last few months of posts, looks like the double top for the FTSE and DOW is happening.

get out of your longs guys - short is the way to go now, and it'll be sharper and faster than the bull!!