Below some Weekly charts of a basket of ETF's that will serve well in the coming financial debacle. But only for a time. At some point, you will need to cash out of these instruments and get your money into some non-paper-statement form. Yes, it will be that bad. But until further notice, these will be fine, safe and profitable vehicles.
There is only a slither of a chance I am early here, if so, the Trend Models will let us know soon enough. If not, its time to get involved heavily on the downside of the market. Notwithstanding the SPX Hourly flip to LONG on the close Friday, I expect hard down next week. We are in take-all-Sells mode until further notice. If you are on top the markets all day long, you can play these short-term Buys, but we wary, it wreaks of deception and manipulation.
FXP
EDZ
SRS
FAZ
TZA
DZZ
ERY
If you are a subscriber to my private email list, I have some special fun reserved for you. So excuse my placing this particular basket up for all, it will pale in comparison to what we will be doing with the Trend Models already being followed and the ones that will be added in the next few weeks. Diversification will be the direction and fine tuning will be our focus. By the time this market debacle is in full and unmistakable force, we will be thoroughly entrenched in some very exciting and lucrative positions.
As for the skeptical, "What if Allan is wrong" contingent, that is the wrong question to be asking. We are trading in sync with some very astute longer-term Trend Models which by their very definition and creation are the markets. They are our navigators through the markets this year, so it is not what Allan thinks, it is what the markets are doing and they are showing their hands in our charts, every day, every week, every month. All we have to do is go along for the ride.
The time and trend are now.
Trade long and prosper.
A
9 comments:
Allan is there any scenario where you would get long the market?
The beauty of trend following, is that you follow the trend. You don't anticipate a trend. As they say, the trend is your friend. It seems to me, that you are anticipating some trends, which may, or may not, occur.
Hendi,
God knows I'm not exactly a Boy Scout, but the motto fits, "Be Prepared." That is the theme of today's post, which I suspect you understand as well as anyone.
Anticipating trends is fine, as long as you don't act until the trend is on the same side as your action. On the charts above, some are already in the anticipated trend, so action is appropriate. This mixed bag won't last for long and all of the above will be in sync, soon enough.
A
"...don't act until the trend is on the same side as your action."
FWIW, some Long Wave analysts
believe that we will follow the
path of the "Winter" period of
1873-1896 rather than that of 1929-1933.
If that turns out to be the
case, the stock market correction
won't be as severe.
Above all, it is important to
heed your wise advice of not
acting until the trend is in place.
Stan
Allan,
You are correct in stating be prepared. I enjoy your blog, I was just quibbling. Most probably because their is more snow in Atlanta than in Vancouver, and I have little to do.
Zen musical accompaniment for: the coming financial debacle.
'The Doors' musical accompaniment for: the coming financial debacle.
Now learn this lesson from the fig tree: As soon as its twigs get tender and its leaves come out, you know that summer is near. Even so, when you see all these things, you know that it is near, right at the door. ... For in the days before the flood, people were eating and drinking, marrying and giving in marriage, up to the day Noah entered the ark; and they knew nothing about what would happen until the flood came and destroyed them.
~ important one does not get pusillanimous while on the brink of great success--in order to keep in with those that refuse to prepare and profit. Instead, be like Noah and sail irregardless. Sever ties (incl. with preconceptions). Trade!
Lynyrd Skynyrd - 'Am I Losing'
"At some point, you will need to cash out of these instruments and get your money into some non-paper-statement form. Yes, it will be that bad." Allan
Was wondering if you could elaborate on your comment as to what you would consider appropriate non-paper-statement forms of money and what the timing of this conversion may entail? eg, how do you envision one will know that things have deteriorated so badly that it is indeed time to get out of all paper assets?
Rob
trade like a Canadian woman hockey player - vanquish all without apology
We Are the Champions - 'no time for losers cuz we are the champions of the world!'
Allan,
Out of curiousity, when is your birthday? Month will do as I understand privacy issues.
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