Excuse me, we already had a 400 naz point correction, since I suggested that we topped (at 2098 some 25 points short of the target of 2123 ) and that February will be quite "ugly", and we exceeded my worst downside targets (1720), had to lower to 1690 and right now I do not have a bottom number. I do not have the September lows retesting at all in the plan, only a worst case scenario in the fall, if at all. If you think our short excursion under 1700 was the bottom, why don't you go ahead and go 100% long. I have said that I'll wait until I see signs of a real bottom, I have not. Because we are not developing any signs of fear in this market, the bottom, pre the "Spring Rally", could be even as low as the target bottom I still have for June 28th, at 1600 (plus minus 30 Naz points). For someone who always criticize everyone for not being able to read, you sure have misread my position (g).
Zeev |
