Zeev - re: DOW
As I'm playing these I was hoping for an update here. First, I understand that these are not short term traders, but this ramp leads me to believe that I'd be foolish not to take profits here (which I have) and reposition. It is the repositioning that has me scratching my head.
First, my impression is that this two day run is another "wonder" on the way to the October bottom. In other words, we're probably going to get close to the October lows again.
Second, does that suggest I should once again use the target prices on the Dow stocks for reentry, or given their "blue chip" nature do you see a less dramatic pullback - perhaps to their gap up levels?
Sorry to be so wordy - I need to work on my Hungarian. <g> I guess the short question is - if we have heeded your "to the hills" call today - at what level do we retake the field.
TIA.
Pierre
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