EL JEFE'S TRADING FOR PROFITS SYSTEM

[el jefe]

I agree. A few things are going to happen here in the next couple of days.

1. The last of the margin calls are going to come due. You have to figure that there are a lot of retailers out there that have been forced to sell positions they would have rather held. They will buy lower this week when it dips.

2. Whether or not one thinks the DOW is still overpriced, MANY MANY of the companies on the big boards at this point are priced WAY WAY WAY to low for their valuations and fundamentals....cash will start flowing back into them, even if people think it's a 6 month hold.

3. Relating to #2, I guarantee many of the boards, CEO's of those said companies are chomping at the bit to do share buybacks later in the week. When companies start buying their own stock back, this will create confidence where there is NONE right now.

Last but not least....it simply can not continue to fall like it is much longer. Yes, it may end up that it gradually goes down over next few months as we enter recession (cough cough...never left)...but the mass exodus will end, and we will have volatility back in both directions here within a week.

imo of course