Monkey Throw Dart: The A-B-C-DeeDee's of MM's PSQ Pick

Friday, January 4, 2013

The A-B-C-DeeDee's of MM's PSQ Pick


The MensaMonkey doesn't like what he sees.  MM ate a full helping of the ProShares Short QQQ (Symbol:PSQ) today.  Amazing.  With all this "rational" post fiscal cliff exuberance, how could anyone be bearish?  When situations like this arise, I can only try to describe what I see. The MM flashes positive signals to "go long" but all the numbers whizzing by are "pulling" in the other direction which tells me MM feels the undertow of a sell-off.  Stated another way, the longer term signal is overriding everything else. 

 MensaMonkey 2013 has a little extra under the hood.  Maybe Dee Dee can explain...
http://www.youtube.com/watch?v=exVNYxJ4lGI 


 
Thanks Dee-Man, I can always count on you to clear up the confusion.

I also have a suspicion that the MensaMonkey is keeping a close eye on the mother of all gaps...


 ...and the S and P ceiling because it looks like the price bars can't go any higher,


 ...and the VIX floor.  How low can it go??

 
It's a bold move shorting the market here but MM is quick and nimble this year which reminds me...I should adjust the "quick and nimble" settings at some point.