The Black Box

[wahz]

Thanks, Marc.
that's pretty disturbing. I don't think we will drop that low, although I have a nearly 50% chance of it happening.

I see that LG thinks essentially that the high is in or will be in Monday. Interim high. I think we could have one to three more days up, but I don't have the drop being very drastic...maybe 3% at the most. But anything can happen and as an on line friend has said we have every possibility covered. 1 in 4 we drop all the way down. 1 in 4 we drop to around the 50 day, 1 in which we consolidate for about two weeks and then run up, and one in which we just keep going and the consolidation is later. Not much help there. I lean to a mid week high and then drop to 2000 just because it all fits the best.

As I am sure you know, the fund flows, and smart money indicators are very bullish. Every one of my 4 scenarios have a high at least over 2500/2600 by sometime in fall, so I am not trying to be too cute but I am heavily margined still. I trimmed a lot near the close friday though and equity is now nearly 65%... will re-leverage down to 40% equity, if we drop to near 2000.