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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Eva who wrote (10833)	12/5/2008 4:42:40 PM
From: Stoctrash	Respond to of 33421

It may stink...but that's what we got :-) Spx range 900 - 815 is a real bugger here. QQQQ range 29+ - 26+ same deal.

To: Eva who wrote (10833)	12/5/2008 6:30:18 PM
From: nspolar	Respond to of 33421

Eva, mainly for that reason I do not play anything ST. I can't really anyway, since I am unavailable at times, for longer periods. About the shortest timeframe I look at for a play is maybe a month, and I prefer longer. For example I currently have some Dec options, but mostly Jan's. I also have noticed this market has not been kind on the shorter term sense. Awfully difficult. Todays rebound surprised me a bit. I am still big short, but have two views. It tanks big and if so soon, or we are nearing a possible double bottom. If it is the double bottom I think it happens before Xmas. Last AAII bulls/bears was a bit over .52, off of a previous low. Maybe another low dead ahead? I have a possible longer term view in play that suggests a major bottom soon (the double bottom type of thing). Recently came across it ... will display soon but need a bit more data I think. It is much less bearish in the longer term sense, than the 'bearish' view. TF