SPDR S&P 500 (SPY)

[jkjungwirth]

NM,

I gotta admit I really enjoy reading your posts. It really is amazing how your beliefs and ideas are similar to mine, but in a much less sarcastic manner. It is my belief that ultimately we will approach to 4000 to 4500. I also feel that we will see a nice bounce back to between the 9000-10,000 which will then be marked by heavily selling downwards with Da Boyz deciding this time not to support the selling and having very rapid news with the world spiraling into a depression. That 4000-4500 will then be the buying opportunity of our lifetime.
Short-term- I still feel we have one more drop before the up starts. The reasons I feel that way are I still think we need a rapid drop to get out more stop losses and to cause panic. I see this happening sometime early next week. I also see two R3's that need to be gained from Thursday and Friday. Midweek I believe we will see some of those quick jumps so that the bulk of investors will not be able to jump in and gain on the rapid increases in price. Either way I am equipped on both sides to have fun and gain.
Let me know what you think.