a few things i have learned over the years. never underestimate any rally or selloff as they can go way beyond reasonable limits. The other is to take things a little slower. 875 area will/should be tough. but then again i called 862 the great wall of china and we made it there on first try. we could easily hit 875 manana. if so i will get some puts for the retrace. if we dont go any hihgher tomorrow i would be looking for the retrace to stop around the same 840 area. my research shows a min of 23 spx points happens after a ramp like this.
a move above 900 and anything is possible as stated in ah. that would be extreeeeeeemly bullish. if we get there ill gladly go for the ride. i see a peak of sorts in about week and ahalf to two weeks our or approx the end of march. at this rate well be at 972 spx by then (ggg) steve
<Another huge day, especially early on. They didn't wait for the war to start. Short covering first and then pre-war buying trying to project what happened in 1991 will occur again seems to be the operating idea. When the war starts it will be interesting to see if they sell it off on value considerations if this rocket keeps going>.
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