By Sell Puts
(Orginally Posted @EconomicBurn.com)
Very simple here X markes the spot where we have two major trend lines near convergence at the 105.75 ish level in the SPY 1055 in the SPOOZ. Take a look at he chart above showing data from 1989 until this day. The Ozark instructs you to:
Very simple here X markes the spot where we have two major trend lines near convergence at the 105.75 ish level in the SPY 1055 in the SPOOZ. Take a look at he chart above showing data from 1989 until this day. The Ozark instructs you to:
Take a look at the rally from 1995 to 2001 WTF happened? i Know. Deregulation, .COM's and Clinton resulted in a massive rally of unsustainable proportions.
Take a look at the rally from 2003 until mid 2008 WTF happened? I know. Bush, Greenspan, the Securitization of piles of shit and the over-leveraged consumer resulting in the creation excess capital to stabilize the market.
Take a look at the rally from early 2009 until mid 2010. WTF happend? I know. HF Trading, TARP, Bernake, Obama, low interest rates and pissed off jobless consumers resulting in creation of more capital to stabilize the market.What happened after both these crack parties? CRASH BABY!
Is the trend line going to hold intact from 89? or will we crash like Humpty Dumpty drunk on absinthe into the depths of sub 20 year S&P Levels?? Feel the burn.
