Nenner

I like what I see of Nenner's model.

Evidently, he has two ways of making predictions: sunspots and technical analysis. When both align, he makes a call.

Right now, his major predictions are:

1. Silver and Gold up in 2011 to new highs.

2. Equities up for next 2-3 months. November 30 was a good time to buy. (I did!)

3. U.S. will double dip and we will see Dow 5000 in the next 2-3 years. India and China will not feel the double dip. We will start to see this fall after 2-3 months.

4. The strength of India and China will determine how the U.S. and Europe pull out of the double dip.

5. India and China will lead for the next 100 years.

6. U.S. Housing market woes are not over. The U.S. is following Japan's path.

(I'm not sure about this last one, because the U.S. is still increasing in population.)

7. War/global catastrophe in end 2012, beginning 2013.

8. USD will be strong in 2011. We have seen the top in the JPYUSD.

Trade Update

Doubled down ZSL a few days ago - at 12.7, sold at 13.7 and 12.8 for small profit.

Bought EDC at 33.5; sold at 36.35. Will look to get in again soon.

Will go long AGQ today.

Still long UNG.

Long ZSL at $13.65; Still long UNG from $5.55; target $7

Sold AGQ at 113.5

One day profits of 5% too good to resist.

Plus, I'm learning that you have to be in and out when knife catching.

Plus, ES is at temporary resistance.

Plus, I want to get out and enjoy the day.

Trade Update

Sold ZSL at $15.4

Bought AGQ at $108.1

Bought UNG at $5.56

Bought FAS at $23.11

Update - Sold FAS at $22.4. Not happy with price action.

State of the Market Review

Inverse H&S in SPX not yet complete. Target is 1250.

AAPL looking bearish LT, bullish ST.

Banking stocks look bullish. Breakouts being tested now. FAS?

/DX is a temporary resistance, but I have a target of at least 80 within a month. Perhaps a drop to 77.2 before further rise?

PMs look like more consolidation/ fall necessary (esp in Silver).

So, correction takes another 2 weeks? Then rise to 1250. Should get a tradable bounce on Monday/Tuesday from 1185 to 1190 on the ES.

Then 1210 then 1168 on SPX.

Final wave up to 1240-1260 in March? Double top on the NAS which will lag.

Targets:

Wave 4 Path (# 1 - 3 below)

1. 11/13- 15 - SPX ST bottom around 1185-1190; DX ST top 78.7 to 79.2. ZSL 14.8 - 15.5. SLV 24.2.

2. 11/16 - 11/18 top at 1210. DX bottom at 77 - 77.4.

3. 11/25-30 or so - SPX bottoms 1170 or so. DX 80.3. ZSL 18. (SLV 22.5).

4. Wave 5. SPX rises to 1250 +.

Next Phase of Bull Market

After a decline from 1225 on the ES to 1185-1190, I believe the SPX will rise to 1300 or so.

I am waiting for the decline to go long:

Silver __

and

Emerging markets

Reminder - Plan

Short Silver

Long TBT

Stop out of part of SPX short.

SPX may go up for a bit (Nov 3?) or go down immediately. Not sure, so will put money where I am more sure.

Will Buy more TBT and TZA tomorrow.

Silver and Gold have more downside; TBT trend is up