NV, my forecast on JNPR from June sure was on the dot, I "prmised low 20' and even high teens, we reached both. On the Naz I "promised" 1850, and we got 1863 yesterday, my timing was a "little off", since I had that intermediate low for Aug. 6, and we did not get there until the 18th, well, you can't win them all. There are however few "rays of hope" coming into the picture here, including the equity P/C ratio getting very close to 1.00, but not there yet.
As for the next opportunity to go long, for a short term bounce to just under 2000 on the Naz, probably next week. For an end to this major bear move, I think we may have to wait another 6 to 8 weeks.
Zeev |
