7000 possibly,, going back to 3 year chart,,6000 will mean death ,,to what we know as western economy ,, I doubt it ..
Morgan Stanley feels ,,some where between 7200 and 8100 ,, with more close to 7900 area,,,
They gave me Russia warning last November,, Dow below 8000 warning 2 weeks ago ,,, they served me right ... and SA members,,
As these memos are internal memos,,
However, I am not going to give up that special situation momentum plays ,, in spite of the general market trend ..
We play smart ,, we long and short ,, of it .. and stay fluid,, and nimble..
No dogma here ,, at same time ,, a frequent reality check .. is also needed.. |