2 replies to this topic

[arbman]

and a wide one with the increasing volatility... ... an IT top by March could be in by a day too... Slowly getting ready for the 10-12% correction for the summer, so many short positions can not be right though for the VST... This is not like the '90s, the picture is very different, the tech stocks and the USD are not getting stronger, so the rising volatility will first lead to a correction, imho. - kisa

[arbman]

My thinking here is, with or without a bounce tomorrow, the first magnet area is 1415-1420 until next week, then a stronger bounce until the 2nd wk of March and a decline to 1385 area for the 20wk cycle low late March for a reversal until mid May. The March FOMC should mark a low, imho. I was thinking here that the market will deliver an inverted yield curve to the Fed by the March meeting, if the dollar gains strength in the mean time, you can be sure the Fed will use a different language...

[pdx5]

I get bragging rights on today's action... Couple of weeks ago I had posted my opinion that the trigger for a significant US market decline will be from the parabolic China market. Until the Shanghai market stabilizes, I am staying flat.

Edited by pdx5, 27 February 2007 - 12:20 PM.