Here is the monthly chart of the Sigma Whole Market Index.
It is important to notice that we were right on the blue line on the 14th of September. So, even we are able to move above this level and we can assume we had a major 'ABC' correction from 2000 to 2009 and in this case we are in a new bull market, or we are heading for an 'ABCDE' and in this case we are very close to the top of 'D'.
The time frame looks very similar between 2000/2007 and now. In each case, we had 5 Months between the 'first' top and the 'last' top before the bear market. Will it be the same in September 2012?
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Short term positions:
- short 1 SPX at 1458.12
- short 1 NDX at 2849.22
Medium term positions:
- short 2 SPX at 1336.99
- short 1 NDX at 2578.46
- short 1.5 CAC at 3103.87
