ECRI leading indicator goes to -10.0%, double dip here we come!

ECRI leading indicator at -10.0% predicts a double dip 100% of the time.   So gird your loins folks.

On another note.. the market did its oversold bounce while I was kayaking around Lake Faucherie on mon, tues, and wed.  But continued its downward slide as soon as I got back in the saddle on thurs.  first downside target is 953-944 SnP, then 884-879, then 842, then 800.  Let the fun begin!

On my entry into the contest on wallstreetsurvivor.com I am now in the top 8% for this month.   And on my 100k portfolio I am in the top 3%.  WooHoo..  The linear regression curves are working beautifully in ironing out all the noise and presenting very predictable patterns.   the only thing that gets in the way is when my bias creeps in and I anticipate the lower probability outcomes.  Weird how that happens, but I have to keep checking myself, to be sure I'm not simply seeing what I want to see.

The run up is over.

Every inverse ETF is firing off a buy right now.  Luckily, one of my practice portfolios i bought 9 short ETFs on the open, which has done hugely today.  unfortunately the other one, the contest, I waited for a pullback.. which never came.  so much for fading the open.    Luckily I didnt do that but I did mess around with buying TNA as I was attempting to pick bottoms.  If I hadnt been so greedy I coulda done well, at least something.  I shoulda just boat the whole inverse shopping cart from the open.  oh well.. I am wishing and hoping (always wrong to do) that there is a bit of a bounce tomorrow so I can bail on the TNA and get positioned on TZA etc.  then just hold them all for a week or more.  Afterhours the ES must be getting hammered.  TNA dropped another 50 cents.   Qs dropped 70 mainly due to csco.  But the SnP did stop at support at 1088 area.   Just a little bounce is all I ask.  I think this market is going down hard.  the technicals point to it and so do the crappy economic fundamentals.