I Said All Major Indexes Were Overbought On 06-14-09 (see my previous post):

On 06-12-09, all three major indexes: DOW, NASDAQ and S&P500 closed as follows:

DOW -
Date Open High Low Close Volume
12-Jun-09 8,770.01 8,850.95 8,671.61 8,799.26 4,528,120,000

NASDAQ -
Date Open High Low Close Volume
12-Jun-09 1,852.43 1,858.80 1,833.39 1,858.80 2,013,560,000

S&P500 -
Date Open High Low Close Volume
12-Jun-09 943.44 946.30 935.66 946.21 4,528,120,000

I guess that an expert is also agreeing with my 06-14-09 opinion - see link below:

http://finance.yahoo.com/tech-ticker/article/267617/He-Called-the-2007-Top-and-Recent-Rally-Now-Charles-Nenner-Sees-Trouble-Ahead-for-Stocks?tickers=%5EDJI,%5Egspc,%5EIXIC?sec=topStories&pos=9&asset=&ccode=

Of course, the expert is more than a few days late. And I wonder how much this guy was getting paid for those 12 years market timing for Goldman? I guess Goldman can read my market opinions for free on my blog - I know, I know, most folks view free market opinions and timing as garbage information. The notion that some regular / average guys (like me) can buy and sell stocks by timing the markets based on technical analysis is still not a common view that most Wall Street insiders are willing to accept - that's too bad...

Yes, the average Joe the trader, can do exactly the same thing that those overpaid guys do in Wall Street for firms like Goldman and be just as good or better. The problem is that the word "FREE" scares most folks. Most people rather pay for their "complex" market timing reports and analysis because if I pay big cash for it; it must be good, right? - market opinions and timing cannot be free. Well I guess that I am going to start charging then. Not really, my opinions are still FREE for now.

"Buy High and Sell Low(1)" is still the best simple market rule out there and it rocks! Or "Buy Low and Sell High(2)" - It all depends on which side of the trade you are... In this case, (1) was the prudent trade since we were buying PUTS...

Enjoy trading!