SP500, DOW and FTSE 2 hr trends are up. The critical points for SP500 806 and FTSE 642 are my major points to watch. For new readers who are long term investors I still want to get long term short positions as close to the top as possible and hold these positions until a coming bear market has reached its bottom. These indexes can technically take new highs but I doubt that at present. Therefore I want to short the main indexes as high as possible. Currently my eventual top formation might come this week. FTSE 642 and SP500 806 are my targets now before the 2 hr MA:s turn down. This can be a costly strategy with many wrong positions but when it finally works the positions will be to high to take out. The big computer traders can send a short rally on upside riding on short covering so I personally never use stops or limits. No other analyst will give you a strategy like this because they find it to risky, but for me it has been fine. It is like finding the bottom in a bear market trend. When you finally find it forget the coming 5 years in this case. Sleep well and only follow the monthly trend. Do not take profits because to take a new position is the most difficult thing you can do and you do not want to do it again.
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