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Re: mike_m post# 435586

Sunday, 11/06/2005 11:01:29 AM

Sunday, November 06, 2005 11:01:29 AM

Post# of 704044
Actually, about a month later in mid July at 2164 on the naz I wrote(#msg-6984333) that we may have another 30 Naz and that was a good 50 Naz points premature since we subsequently got to 2215 plus two weeks later.) So, I called my bear suit from the cleaner, and stayed bearish till mid October (#msg-8102212). As for the 1940, yes we did not get that figure. I did mention, at the time, that we must breach 2040 for the 1940 to materialize, and we did, but at the time of that breach, sentiment indicators were flashing a clear buy signal, so I called that breach "temporary", which, so far, it was. Right now, I am turning cautious, since we reached the target I suggested in mid October of 2140/50, and then some, but I am not getting a sell signal yet (just like last June) I may get that soon, or may not. My cash position which got down to zero (and actually a little negative) some three weeks back, is now at 45%, after a very good three weeks of excellent "harvest".

AZH

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