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Take PUTS at the Top
The 4 Year cycle is about to roll over. Time to get short?
Update: SPX ........ BKX charts......... Dow................ FTSE...............
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Note:
I recommend buying ONLY in-the-money puts,
as a limited-risk proxy for a straight Short position
.. From Sunday Business:
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....
"...this sideways move (over the past year) is remarkably similar to the pattern from the top in January 2000. 'Fractal' means a pattern that repeat themselves at different time scales as time rolls on... The S&P500 will make a new recovery high (like the FTSE). But it is highly unlikely that the Dow will. I think there's now a good probability that it will rally strongly up to about 10500 and then reverse, pause until March or so, abd then break to the downside in a powerful down trend."
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FTSE also is looking toppy- Could top first
PUT Pricing... uses Volatility : Daily VIX (sub-13% may signal TOP?)
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Other Charts: $HUI : $XBD : $XOI
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