OK, no problem...I am not looking for followers. I have no advice for day traders.
It might help understanding if you knew though I am not currently day trading so my time frame is quite different than most on this thread. QQQ could still go to 26, there is sufficient short interest and short options on QQQ. All it takes is a positive turn of events.
If I challenge the conventional wisdom of this thread it should not be taken as an insult. It was not meant to be. It simply intended to provoke independent thought.
The market could move significantly up or down on positive or negative news. A lot of people believe that a resolution of this geopolitical uncertainty will hasten a return to a more ordinary business cycle by removing the gross uncertainties. These technical models and predictions are subject to those external events.
Zeev's longer term forecast is predicated on insufficient demand to take up the production slack. In past cycles, some of this slack has been taken out by mergers, companies going out of business, as well as expansion of demand. We really don't know exactly how this is going to play out. Even Zeev's prognostications show significantly different highs and lows depending on the assumptions. (I won't bother to pull up the posts you know where they are.)
If there is an expansion in demand which some are predicting then companies like Intel may see their profits jump dramatically because of the production efficiencies they have acquired during the downturn.
:)
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