<<i think your take is right: either we tank or go much higher: but i favor a bit higher than tank aroony>>
Dreamer....<G>
The set up now reminds me of the one right before 09/11, we had gotten some decent down for about 4 or 5 weeks prior, it looked like we were getting set to bounce, and then the planes hit the buildings
stockcharts.com[h,a]daclyyay[d20010501,20010910][pb50!b200!d20,2][vc60][iUb14!La12,26,9!Lg20]&pref=G
P/C's for 05/01 to 09/10/01:
stockcharts.com[h,a]daclyyay[d20010501,20010910][pb10!b20][vc60][iUb14!La12,26,9!Lg20]&pref=G
....an exogenous event now would be absolutely devastating to the markets, IMO....but that's a bit of a long shot, so I took some bets down today.
Besides, we've HAD a decent IT decline, 10% or so on the 'Dung in 4 months, not too shabby (though I agree there is much more coming).
If we take out the March lows with some gusto, just disregard the above, 'cause it won't matter....<G> |
