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Higgenbotham wrote:

jcsok wrote:HIg....OK, I reread the Gann article, and (sigh), I'm going to wait longer, but I'm really tired and antsy to short this thing. I'm a terrible trader, to not have identified this continuing trend since I was last short at approx 1500.

OK, the short term whisper from Chicago is wait till closes under ESU 3004.

I've noted that short term we have a Low-High-High of 14 trading days from the June low which a close under 3004 in the next couple days would confirm.

My take is you're a great trader to have stayed out from 1500.

As for me, I am short 15 lots but am doing a lot of back and forth on 5 (20 to 15 to 20, etc.)

Investor who nailed the 1987 crash ditches stocks and bonds and here’s why

Published: July 12, 2019 11:17 a.m. ET

Our call of the day comes from the chief executive of Milton Berg Advisors, Milton Berg, who heeded his own warning signs earlier this month. He turned bearish on the S&P 500 and Nasdaq on July 2 as his two portfolios have seen gains of 20% plus this year.

Berg told digital financial media group Real Vision in an interview that there’s one big reason he’s out of the market for now: “We have a list of more than 100 indicators that we match to previous market peaks and of all these 100 only two are inconsistent with levels seen at market peaks.”

Berg uses a trove of proprietary indicators and historical data to make his calls. His claim to fame, outside of working with hedge fund biggies like George Soros and Stanley Druckenmiller, is nailing the 1987 market crash to the day.

"Time To Leave The Party" - Former Lehman Insider Warns "More Risk Than Reward" In Markets

Fri, 07/12/2019 - 15:50

"There's an art to knowing when to leave the party," warns Pilar Gomez-Bravo, a portfolio manager at MFS Investment Management with $4.5 billion AUM, who sees eerie similarities between the current frenzy for risk and the speculative mania that made her cautious on the eve of the last bubble.

So, as far as knowing when to leave the party this time, we come full circle with Gomez-Bravo's current warning:

“In fact it’s over -- people are desperate and they’re hunting down the after-party. We probably only have a few hours left.”

Higgenbotham wrote:Here's another one:

"Time To Leave The Party" - Former Lehman Insider Warns "More
Risk Than Reward" In Markets

Fri, 07/12/2019 - 15:50

"There's an art to knowing when to leave the party," warns Pilar
Gomez-Bravo, a portfolio manager at MFS Investment Management with
$4.5 billion AUM, who sees eerie similarities between the current
frenzy for risk and the speculative mania that made her cautious on
the eve of the last bubble.

So, as far as knowing when to leave the party this time, we come full
circle with Gomez-Bravo's current warning:

“In fact it’s over -- people are desperate and they’re hunting down
the after-party. We probably only have a few hours left.”

https://www.zerohedge.com/news/2019-07- ... rd-markets

Higgenbotham wrote: My point is expect the herd to ignore this news [about the Deutsche bank restructuring], and for the stock market to march higher as the most likely outcome.

At the same time, a very serious collapse appears to be brewing under the surface and is close. There was talk about Bear Stearns being in trouble for weeks before those CDO funds collapsed. It was even in mainline publications like the New York Times. This is at least an order of magnitude more serious in my opinion. I think the relative size and scope of Deutsche is probably 100 times that of Bear Stearns.

‘Yes, Deutsche fail would cause global catastrophe’

RT America
Published on Jul 11, 2019