) a risk-off meltdown is in its incipiency. IF so, the target range is 2350 to as low as 2000 on COMPQ before the end of October 2012, possibly before the end of August. I've accumulated some Jan 2013 puts over the last few weeks, starting on 3/20/12, to participate if it does decide to fall apart. This is based on cycles and pattern analysis but, fundamentally, it's possible the Bernanke put may have expired for awhile. I think late May may be the start of a more aggressive down move (purely based on cycle analysis that will likely fail to work if the quantitative counterfeiting program starts up in earnest again).So......not everyone is bullish.
Kimston
