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Replies to #14100 on The Black Box
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WinLoseOrDraw

03/08/04 10:19 PM

#14101 RE: mjk #14100

does anyone think we should buy this now, right here around the 100 day

FWIW, i started covering the NDX short today and bought the first taste of an SPX long position. another day like today and i'll be down to a token amount of NDX short. two days like today and i'll have starte building an NDX long position as well.

statistically, highest odds belong to either bouncing by EOD tomorrow or grinding lower for another week. least likely scenario is something inbetween.

i'm also long the Dow, but that's on a non-wahz-approved timeframe -g- so i hesitate to mention it.

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dieselfuel

03/08/04 11:56 PM

#14102 RE: mjk #14100

"... get a retest of those highs during May and June, then fall hard in June into July to the 300 day."

And what about a "summer rally" the 1st week of July?

Do you see that happening?