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[Macro Speculator]

I think we get a rally from around here or perhaps a bit lower of about 45-50 points, then break through the March lows later this summer. But i don't think it's going to happen yet. I might even buy some speculative calls later today or tomorrow. I just don't know if I should wait for a washout or not. We might not get a big washout if we're just in for a sucker rally that rolls over again in a few weeks. Still bearish/pessimistic over the medium/long term but I smell a possible rally coming soon that will last a bit...then a rollover and harder selling in late June/July.

Edited by Macro Speculator, 08 June 2011 - 09:53 AM.