The stock indexes I follow, DOW, SP500, FTSE, DAX and SWED are topping out now but there is not yet a definitive sell signal for current uptrend that started 2009. All these indexes will go together and the leader will as usual be FTSE and SWED. These two indexes are very close to a definite sell signal which means the tops have already been seen. The June close shows that the weekly trends soon will get a definite bear signal for FTSE and SWED. When that is in I believe that DAX, DOW and SP500 will soon follow. There is a chance for the DOW to take a new high around 16.000 in a quick and strong rally. If this happens that rally top should be the best opportunity we can get to take long term short positions. When that top is reached a bear market will take the DOW about 63 percent lower within 3 years.
July and eventually August will show if the tops have been seen or not. All my technical instruments and my fundamental analysis now points in the same direction that after an eventual new top the indexes will fall in the biggest bear market we have seen since the late 1920's. The only way to make a big long term profit is to learn now how you short the markets. I have told you about a few of my readers who still are holding short positions sold at SP500 1.685. The highest top was 1.687.
Since the bond markets in the US has got a monthly cross on downside and yield on the 10 year treasury notes are up one percent in the first down wave every bondholder now knows the risk of holding bonds. There is a possibility that the high on all stock indexes has been seen. The coming 3 to 8 weeks is what I expect now to be the time for the definite prognosis.
July and eventually August will show if the tops have been seen or not. All my technical instruments and my fundamental analysis now points in the same direction that after an eventual new top the indexes will fall in the biggest bear market we have seen since the late 1920's. The only way to make a big long term profit is to learn now how you short the markets. I have told you about a few of my readers who still are holding short positions sold at SP500 1.685. The highest top was 1.687.
Since the bond markets in the US has got a monthly cross on downside and yield on the 10 year treasury notes are up one percent in the first down wave every bondholder now knows the risk of holding bonds. There is a possibility that the high on all stock indexes has been seen. The coming 3 to 8 weeks is what I expect now to be the time for the definite prognosis.
