The New CS Board

[ahimsak]

IMHO, having been through the bear of 1987,1990. 1998 (the only one I made a ton of money on) 2000, and 2007, except for 1998, they all had a 10% correction, then another rally to new highs on one of the major averages and then a major correction.

this time will follow the ones that start with a 10% correcion followed by a final rally where the strongest major average makes a new high but the others dont.

I shorted a ton of qqq today at 140.4 (my target was 140.5) but then chickened out and covered the short at 140.1. I will short again at 142.

Bottom line: way too much fear still in ISE option numbers, which means the big boys are still buying but also hedging with puts, and until they stop hedging, we keep going up. Final top for bull market in mid july or end of August, depending on earnings in July. IMHO