The focus of the blog is on the economic and financial uncertainties that the world economies will face over the next five years along with demonstrating how investors can profit and survive during the upcoming manipulated economic chaos. Please keep-in-mind that I don't provide investment advice. I am simply posting what my investment views of the market happen to be. Your investment decisions are solely your own responsibility.
Sunday, August 08, 2010
Now What?
What a week! Bearish turning dates, so far August 2-10, have been a non-event. Bummer! (Because I am in a bearish mode.) Even though we still have a couple of more trading dates to go. The 13(15)-week EMA is now back above the 34-week EMA. (See details in the following S&P 500 weekly chart. All of this reminds me of an old Chinese proverb (I think it's Chinese.): "Those who do not have patience will be taught patience." Boy, do I hate patience! Overall, I am still content with my investment positions (26% Inverse Index ETFs and 73% Money Market Funds).
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