Hitsoft, amigo mio,
That's a challenge I'll have to accpet. Thinking of the Naz as a timeline of history, I do believe we have seen the short term bottom (1794 was touched intraday on Thursday, I believe, the end of the Mozart era). I say we see not only Back to the Future (2075) during the next two weeks, but 2250. I could be right, I could be wrong: I have extensive experience in both areas. I wouldn't be short a tech stock until we see 2350 and the pundits on CNBC collectively talking about the "correction/bear market" in past tense. On the other hand, next week looks like another good time to pick out some good old economy stocks to short, and the OSX is playable between 112 and 132 until the summer.
This is not to say that we won't see Columbus Day (1492) on the Naz this year, my guess is it comes in a summer swoon and I hope to be short various issues making new 52, 104 and 156 week lows then. And next fall should be very interesting, very interesting.
Regards,
Kb |
