karlos week in review, page-8

Karlos,

That last line of yours

" Its just high risk spec stocks are about to get a solid crunching."

Can you elaborate. Is it the vix on which you are pinning the statement or are there other factors as well.

I'm on record as stating that I am concerned about the DOW level based on company fundamentals
(we are almost at pre GFC levels but the employment/ profitability levels & levels of confidence
are not what they were in say 2008.) & also the disparity with the XJO.

So I tend to agree that a downturn will knock the socks off all, not just PEN.
As the DOWW is looking toppy & the high volume sell off has already happened..
are we close to a Turning Point(TP) as indicated by the program?

Could explain the recent PEN sell off as punters are readying for a new position
after a 'forced' break down?

Previous similar set up have resulted in over a 1000 point drop in the DOW over successive days..
What different now in only Ben spending $40b a month if required.

If you have some other info would like it if you can put if forward for consideration.

Pewal or Soul would like you call on the DOW chart.

Thanks

M