Sabre, the record will show that in January I called a double bottom (Feb 28 and March 9th), and the record will show as well that I missed the late February bottom by a day, and the record is still open by how much I'll miss this bottom (VBG). More importantly, however, the call to get out no later than Jan 31st at 2:15 PM because a big February massacre is coming, was one of the turnips better calls. Since I abided by it, I had plenty of ammunition which was deployed on Friday and today, now let's hope not too many stop losses are hit (G). I am now as low on cash as I was just before 1:00 PM on Jan 3rd when the feds moved, the last run gave me an extremely good return, I will be happy with half that much from the run I expect here. However, we should not be lulled into false security by the next rally, it may be followed by a very murderous decline, this time, concentrated, IMHO, in the bigger Dow stocks. We are still in a bear market for few more months, IMHO.
Zeev |
