thursday brainstorming

1 Get ready to cover part of the shorts as we are about to reach the target of 1250 any moment – tomorrow w will very likely make even new lows but that will create the opportunity as the fear factor towards the weekend will be the highest. Now that even volatility has reached appropriate levels and at the same time sentiment is getting quite bearish. At least half of the position should be covered around 1250 SPX down to 1240. Below one sample of plenty with a similar level of bearishness.

excerpt

Rydex Nova/Ursa Ratio

Date NAV Adjusted N/U Ratio
06/14 0.309
06/13 0.314
06/10 0.330
06/09 0.335
06/08 0.374
06/07 0.376
06/06 0.395
06/03 0.488
06/02 0.539
06/01 0.553
05/31 0.570
05/27 0.570
05/26 0.546
05/25 0.550
05/24 0.564
05/23 0.563
05/20 0.574
05/19 0.566
05/18 0.569
05/17 0.581
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~ by behindthematrix on June 16, 2011.

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