mmitech
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things you own end up owning you


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February 25, 2014, 01:12:51 PM

The recovery is maxed out for now. It's going to take at least a day to consolidate and break $520 if not longer.

The market is far from rational right now. I doubt this will be our last time going past $500 again. The fact that this recovery is occurring at super speed is shocking.  

We'll be sub $400 within days. We'll be testing $300 before we start meaningful sustained upwards movement again.

I would spread the risk in your place, consider both case scenarios just to be safe.... but lets see how will that work out.