I was sure I responded, sorry, it must have been swallowed by the weird SI. I said that the $133 number I took from Yahoo report. I did not get back in (then) until it got above $140, but still had a pretty good ride. As for the Fed (if that was the friendly bet), I erred last week thinking that with unemployment as low as it is, the fed would not move "urgently", however, recognizing my erring ways, I posted on the currencies thread (Tuesday night) that I erred and the NAPM report could move the fed's earlier, and when I err, I simply correct my erring ways, by the time the fed moved yesterday at 1:30, I was as heavily in as I dare usually be. By th way, not because I thought the fed was going to move that early, but because I still had an up market until next Wednesday, just luck). I did not stay for long since I unloaded the rally and continued unloading today, looking for reentry, since I think that short term we go higher.
As for the low at 2251, I am not sure if it is the final low. The question should be will we make a new high (above 5100 or so) before we breach 2250 again, and my bet on that is that we will make new lows before we make new highs. I am still sticking to a range of 1900 to 5200 for the Naz over the next 4 to 6 years (it was 5 to 7, but one year has lapsed since <g>). Does that answer your post?
Zeev |
