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To: Jerry Olson who wrote (71656)4/18/2003 11:47:30 AM
From: nspolar  Read Replies (1) | Respond to of 209892
 
Jerry, I don't think we go much higher either. Looks like we've been on fumes the last few days.

As soon as the VIX/VXN start walking across the B bands, I'm picking up more puts. Not quite there.

As for the dump I'm more in the large smelly one camp, as long as the dollar continues down. Fundamentally that is what has to continue for a severe crap imho. Confirmation on whether or not the dollar is on another leg down should be in next week - if yes it seems likely to be heading for mid 90's or lower. That should not be exactly desert for the market.

Analysis from Anchorage today. Beautiful here.

'When it is springtime in Alaska it is 40 below'



To: Jerry Olson who wrote (71656)4/18/2003 12:47:01 PM
From: bcrafty  Read Replies (1) | Respond to of 209892
 
Jerry, questions about your post

When you say "the coming correction will not be quite as bad as one would think" what level are you thinking of the market correcting to?

When you say "I will exit all longs" when are you referring to?


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