Posts by "ginger"

Euro has had it - any bounce should be shorted down to Ashraf's 1.32 target initially and ulitimately 1.30 and 1.25 - today's rise is a dead cat bounce in my opinion.

easy Ben ignites the markets again... ratio 71. Guess we're either overshot on the ratio or the 65 has now been blown out - I still think a (small ?) retracement must be on the cards from here in equities.

Ashraf, does that mean in that the S&P/VIX ratio is now going to melt-up to 80-100 with an overshooting market?

There's a big tug of war today between bulls and bears - it'll be interesing to see who comes on top today/this week. The ratio is still high at about 68 but what is unusual is that both the S&P & VIX are up, with the VIX well off its lows from Friday into the 17s today. The $ fall at the US opening bell has given a relief rally for now but things can change very quickly.

Asad,

I'm glad I'm not the only one swimming against the tide. What is interesting is that Bob Prechter was on CNBC on Friday calling a double top in the market - he talks a lot of sense and I respect his views - he's called the market down for a while now but with so much interference from the govts around the world he can't be blamed for getting his timing wrong - i.e. the markets are overshooting.

Looking back over the last 5 years on the DJIA the RSI is near its highs now. With India raising rates and China to follow soon we could be in for a rough few weeks as commodities sell off. My guess is for a shallow sell off before April followed by another high in April/May and then the resumption of the bear market thereafter.

G