Same Bat Timing Same Bat Market

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July 6, 2009

Comfortably short. Short signals developing on everything that didn’t have them as of last week. Barring a ridiculous rally this week that could invalidate and screw every chart up, this market is going down over the next 1-5 weeks.

I’m long FAZ, EDZ, SRS, and still holding my 2x RUT gained 1.2%, 2x SPX lost .50%.

IMO any up move here won’t be as violent as the one on 6-24-09.