How to Prepare Yourself for the Big January Meltdown
If anything, you should be using those rallies to add to your pilot short positions.
Meanwhile the bullish touts will continue to recommend that you buy all kinds of worthless crap. They are setting you up for the kill.
There’s an old saying on Wall Street that you probably know. “Bulls make money, bears make money, and pigs get slaughtered.” The bulls have made money for 8½ solid years. If they aren’t selling yet, and worse, if they are still telling you to buy, they are no longer bulls, they are pigs feeding at the garbage trough. It’s disgusting. Because it’s your money that they are putting at risk.
I have been telling you for the past couple of months to systematically sell rallies to raise a substantial cash cushion. Now that we know that the ECB will stop adding fuel to the market, we’re gonna have a pig roast. You should absolutely stop buying. You should stay on course with your selling program to raise a massive cash hoard by March of next year.
My technical work, which I sell to subscribers of the Wall Street Examiner Pro Trader Reports has, in fact, kept my subscribers overwhelmingly on the long side during the past 7 weeks. But that has started to change as I’ve seen more shorts and fewer longs pop up in our daily screens. In addition, the longs are starting to hit the trailing stops, so we are cashing in profits. And the shorts have begun to turn overwhelmingly profitable.
So the times, they are a-changing. I think that when the Long Term LAMPP turns red, maybe next week or the week after, that the timing on that signal will be good. The technicals are swinging in that direction.
And yes, it is even time to start shorting the SPY, particularly on rallies to resistance levels. I will help you with the timing on those things here, but for more specific suggestions join me at the Wall Street Examiner Pro Trader Market Updates.
In the meantime, don’t buy the dips, and do sell the rips.
And get ready for the Super Crash.
Sincerely,
Lee Adler