1/20/2008 9:45:41 PM

End of the Ride

Some think this week's action indeed is the end of the ride.

There has been a lot of weakness in the SPY as of late - so much so that we haven't seen levels like this in 68 weeks. That is something. While the ride has been fun, much like the long drop on a roller coaster (my favorite part, by the way), I don't think this ride will last for much longer.

Even with that being said, I do like the big drop on the roller coasters, so let's enjoy the ride while it lasts and add more weight to the car to help us accelerate faster.

Add another 1/3 bearish position (see new weighting below).

Our ride could be over shortly, so keep your eyes on your inbox for my next alert.

For those of you interested in my performance, I have included the period of time that 1-2-3 PLUS Alert has been tracked by Timer Trac. The information has been verified by them as an outside source. I will post again as more time passes.

Current Weighting Suggestion:

2/3 in Bearish Leverage
1/3 in CASH mode

You can email me with any questions at plus@stockbarometer.com.

Have a great week!