The Call Heard 'Round The World
As much as a month in advance, the Cycle Date was pegged as Tuesday, February 19th, 2013. This would be the final push on the market, the top. Members received this call, selling longs and accumulating shorts. Some of the member shorts included JPMorgan Chase & Co. (NYSE:JPM), Merrill Lynch Semiconductors HOLDRS ETF (NYSEARCA:SMH), SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) and bought the ProShares UltraShort S&P500 (ETF) (NYSEARCA:SDS). The day came, and as expected the markets pushed higher. The media cheered, pumping the multi year market closing highs on the Dow, NASDAQ and S&P 500.
And then, the very next day, following the Cycle Date (Turn Date), the markets collapsed. The indexes had their biggest drop of 2013 and are continuing to sell today. Today the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is trading at $150.46, -0.80 (-0.53%).
As fear starts to creep into this market, we are not seein a continued massive sell. Further downside is expected but it should halt around the $146.00 level on the SPY. Following that, new all time highs will be seen on the S&P 500 and the Dow Jones Industrial Average. After those highs, a massive collapse will begin. It will take a while to take hold, but by 2014, a 30% drop in the indexes will be seen - maybe more.
Be prepared and profit all the way. We do not care of the markets go up or down as long as we are on the RIGHT side of the market.
As much as a month in advance, the Cycle Date was pegged as Tuesday, February 19th, 2013. This would be the final push on the market, the top. Members received this call, selling longs and accumulating shorts. Some of the member shorts included JPMorgan Chase & Co. (NYSE:JPM), Merrill Lynch Semiconductors HOLDRS ETF (NYSEARCA:SMH), SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) and bought the ProShares UltraShort S&P500 (ETF) (NYSEARCA:SDS). The day came, and as expected the markets pushed higher. The media cheered, pumping the multi year market closing highs on the Dow, NASDAQ and S&P 500.
And then, the very next day, following the Cycle Date (Turn Date), the markets collapsed. The indexes had their biggest drop of 2013 and are continuing to sell today. Today the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is trading at $150.46, -0.80 (-0.53%).
As fear starts to creep into this market, we are not seein a continued massive sell. Further downside is expected but it should halt around the $146.00 level on the SPY. Following that, new all time highs will be seen on the S&P 500 and the Dow Jones Industrial Average. After those highs, a massive collapse will begin. It will take a while to take hold, but by 2014, a 30% drop in the indexes will be seen - maybe more.
Be prepared and profit all the way. We do not care of the markets go up or down as long as we are on the RIGHT side of the market.
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