Here it is!!!The big spike rally my model has suggested. Remember I said it had to happen within days and here we go. I thought we would see this last week so it was a little slower coming than I thought.
I cannot stress how important this event is. This is the last rally before a massive drop in the market. This rally is the last chance to get out of stocks and the last chance to short the market at these high levels. My model indicates that this rally will last only a few days at the most, not weeks or months. The model does not predict how high this rally goes, but it does predict that the financials will outperform the mkt and that is exactly what happened.
I think this rally could have some more to go, but I expect it will end late this week or early next week at the latest. So to be clear the model predicts a crash to start late this week or early next week at the latest. The mkt rally probably has more to go but no guarantees, and it will end abruptly with a huge drop. I think now that the $40's target for FAZ has been confirmed by my model this month sometime.
Buy and hold FAZ is a great place to be. Please do not make the mistake of thinking this sharp rally is a turn back up in the market. It is absolutely clear that is not the case at all.
Pick your spot and load up. Don't try and wait for the optimal spot, most likely you will miss the boat.
SC