Monday, June 25, 2012

China & Brazil....

These 2 countries are leading to the downside making fresh 2 year lows and severely under pressure....If my analysis is correct we should see some sharp downside moves for next 1-2 weeks pretty uninterupted...I remain fully short with all my open positions on righ hand side....nothing to do but let them run!

The street is still treating this as a buy the dip....until this strategy changes, we have much more downside coming....I'm still sticking with my low 1100's as place to cover and await next counter-wave up to finish to short again for final thrust / wave lower to complete bear wave...stay tuned

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