Monday, July 27, 2009

Still expecting 999, hardcore bears should capitulate soon enough, one more push above 1000 should do it...

Well I was saying the bear rally could extend out until late August early September at the latest, I can see a reversal during the August 3rd-7th week, this will give us a 5 month rally since March. Don't be surprised to get above 1K on S&P, hold your shorts if you can, don't get a margin call by being too Greedy.

I'll go heavier short once we break 1K