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Strategies & Market Trends : Steve's Channelling Thread
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To: Jdaasoc who wrote (19278)6/29/2001 12:38:59 AM
From: mishedlo  Read Replies (2) of 30051
 
If the market is up more than down in the next 6 months then I may go broke.

I am bucking the turnips here on record. I was very fearful of this "rally" as indicated by my posts on window dressing before this rally ever started. Turnips are far more accurate then me, but every damn time I follow them (excect FEB massacre) I choose the wrong ones.

I had a far lower low in FEB than ZEEV and it hit.
Once again on record I say this is over by the 6th of JULY at the latest and quite honestly tomorrow would not surprise me one bit.

I want 1850 sometime by SEPT and although I am not sure of the catalyst I am convinced we see it. At 2350 I go nuclear short. 2350 is so far beyond absurd that I can not even think about it.

As best as I can see this is identical to the snapback rally on the DOW that brought it back over 11K only to fall straight down. They are forcing every last short out before the big plunge. When is it? Well Zeev could be right at 2300, but I say this rally is over soon. How long was it before the DOW broke 11000 that it plunged. 3-4 days (someone check). How many shorts were forced out on that rally right before the plunge?

If we get to 2350 someone please remind me to put 100% of my net worth into DEC QQQ puts cause we are going down and 1400 may not even hold.

M
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