Thursday, August 4, 2011

A Quick Word From Your Local Sponsor

Back by popular demand I thought I would quickly scare myself into getting too bullish on a cascading tape.

With that said, these series of charts represent extreme outliers on the equity market continuum. Trading towards these kinds of outcomes fails 99% of the time. We all have the tendency to see what we want to believe or fear the most. 

It would be nice though for the market to regain SPX 1225 by the close...

For further explanation and rationale behind the first Meridian Market Theory chart, see Here and Here

I just joined Twitter. All my trades and occasional market musings are disclosed in real-time here

(Positions in UUP & GLL)

Disclaimer: This is not investment advice. Always do your own due diligence. Erik Swarts is not a registered investment advisor. Under no circumstances should any content from this website be used or interpreted as a recommendation for any investment or trading approach to the markets. Trading and investing can be hazardous to your wealth. Any investment decisions must in all cases be made by the reader or by his or her registered investment advisor