John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Stoctrash who wrote (10981)	12/19/2008 4:08:41 PM
From: ajtj99	Read Replies (3) of 33421

I haven't been trading today, and I expected a bunch of sideways goo due to op-ex. Lots of stuff pinned near strikes. I'm bearish early next week, then bullish into the 2nd week of January, then I think we're going to re-test the November lows by March. We'll probably drag the bottom in a trading range for a couple months after that, then we'll have a substantial re-trace of the move down off the 2007 highs in the latter half of 2009. This all according to my models. 2010 should bring a re-test of the lows and likely a slightly lower low. The economy in 2010 should be in recession again as well due to Alt-A and Option ARM re-sets.

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