<CHainik, are you joining the reading challenged?>
I guess I combined your 1222 or 1200 numbers as the bottom, your currently high exposure on the long side, and the post below (msg# 30994) - and got impression that you are more bullish than you actually are. A rally to 1263 or 1296 fits my definition of "significant".
<Actually, my critical numbers are 1222.22, 1238 and 1263, just as they were on the way down (g). Not too far from yours. I am not sure about the 1325 being significant, more significant is 1347 (#msg-494898), the last "bear call" at 1347 on 9/11). My guess is that the best this rally can do is between the 1263 ans 1296, and that only if it does not become too one sided>
ADD ME TO THE READING CHALLENGED........Your recent posts as to market direction are confusing as hell and contradictory. On individual sales where you made or lost 50cents you are clear...........signed Confused in North Carolina