Taper This!

In the middle of the summer, with the $SPY in the mid $160's, we gave our view on where the market was headed in 2013 based upon the Heisenberg Indicator, and predicted a move to 1,850 for the S&P 500. Some 5 months before the recent Federal Reserve taper announcement we stated:

"While the FED is looking to taper its injections of liquidity into the market, according to the HI, it won’t stop investors from taking it higher."

That call was spot on, as was the call for a move to new all-time highs for the S&P 500. Investors also cheered the FED taper. Who else was calling for a massive rally on the taper announcement? The HI was telling you 5 months ago that investors were going to buy the taper.

http://www.optionmillionaires.com/heisenberg-indicator-projections-for-2013/

Ironically, we also had several Hindenburg Omen triggers this past week. What a train wreck of an indicator.

Read more here: http://www.optionmillionaires.com/beware-of-exploding-dirigibles/

Here's one of many charts that the HI has churned out in 2013:

How many analysts on CNBC, Bloomberg and other financial networks were calling for a pullback if the taper was announced? I think it highlights the need to have an unbiased view of the market. We've been doing it for years at optionmillionaires.com.

In the next few days we'll release the 2014 projections for the Heisenberg Indicator.

Profile photo of uranium-pinto-beansKnown to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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