Tuesday, November 30, 2010

A Quick Profit With This Trade

My systems, along with almost all of my forecast charts, are screaming "short, short, short!"

But, my fundamental analysis of the "Big Bernanke Experiment," where he is dumping $100 billion into the market every month, is screaming just as loudly, "too much risk to short!"

However, there are some global events brewing; particularly the Korean peninsula conflict, which could play a role in the upcoming week. I believe that as long as we don't get too carried away with shorting, there might be an opportunity to pick up a solid +5% on this week's Trade-of-the-Week.

Take a look at my CycleProphet chart for the Dow Jones Industrial Average, below: (more)

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