Aj - you are welcome.
I try and offer something for those that have been of great help to me.
ZEEV is one of those.
There are many more.
If anyone thinks I am a genious cause of a few good plays they are sadly mistaken.
People must plot their own course.
You would not believe how much $ I have lost following other peoples plays.
but since I am on a "good streak" my call for a finish near the low today, reloading puts, shorting PMCS and buying GENZ puts at the open, here is my forecast for tomorrow.
Two scenarios both EXTREME.
Get the hell out of the way if you are in the wrong one!
We will likely gap down big tomorrow.
Today I asked how would they get MSFT down to 70 so fast, I could not figure it out but... (well tonight we see the answer, I did not know MSFT reported today). Also they need to rise INTC back to 30. Sheesh what a bunch of crooks.
So...
If they hedged enough QQQ's at the top these last two days, we go straight to hell after a nominal bounce.
If they did not (and MSFT will close at 70 anyway) all in line with everything dies but MSFT INTC and CSCO, then we rally big after that opening gap down.
So....
1) I am taking my short profits off the table at the open.
there will likely be some bounce.
2) If we close above water, especially if we close 10+ points above water we are going to have one last huge (as in 150 points) rally before we head back down, Sorry no chance for 2500 but... 150 points could be very very painful at these level to bears.
3) If we close -10 or so, then more torture guesses
(doubtful)
4) If we close way down then you had better not be long.
as we are going DOWNTOWN.
My preferred scenario, oddly enough is #2, since this will shake out the most bears, keep the bulls in, cause a new wave of unfounded optimism. Etc etc.
At any rate, I see little harm in taking short profits off the table somtime tomorrow.
M |
