THE DOT - if this turns orange or red be alert

Monday, March 2, 2009

Nothing new on markets -Shame on you Buffett

Today I will be brief as no new information but new bad stuff has come up which suppırts the vies I described now for a long time. We are entering weekly 13 weeks and SPX makes new lows and as much as many chartists call now for Armaggedon it will not happen right now. We can loose up to 10% from here but that will lead very likely into a extreme short covering rally very soon (within 2 weeks). More on that as the week developes.
Mr Buffett coming up with shambles - shame on you as you as you encouraged to buy 30% higher and called it a good value. I think he lost completly the grip and in 2-3 years he might have lost all the money he made in 40 years as things will get much worse.

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I am a professional independent trader