I am working on the assumption that this is another bear market rally rather than anything more sustainable. This week may well give us a "blow-off top" fueled by MSFT, the elections and the Fed interest rate cut. At what level would all of you consider shorting the Nasdaq index? 1450? 1500? Does anyone think this rally can duplicate last year's 50% rally off the Sept. 2001 lows, with the Nasdaq crossing 1600?
Seems as if there is some serious money to be made here on the downside very shortly, particularly on the NDX 100.