1 reply to this topic

[A-ha]

I think last week's top is just an IT top, but this one could be savage imo

Like I said several times this week, I expect SPX to test 1320 quickly ... 1620 should be seen before the biggest crash of all times...that is, a drop to 950-1040 range ...

as i said yesterday I am short USO from 68.2 and shorted december crude, nq and er

i think crude topped out for IT too

banks real estate and trannies are where the current bear is fed from


http://www.traders-t...showtopic=77650

Edited by A-ha, 19 October 2007 - 09:39 AM.

[Tor]

I think last week's top is just an IT top, but this one could be savage imo

Like I said several times this week, I expect SPX to test 1320 quickly ... 1620 should be seen before the biggest crash of all times...that is, a drop to 950-1040 range ...

as i said yesterday I am short USO from 68.2 and shorted december crude, nq and er

i think crude topped out for IT too

banks real estate and trannies are where the current bear is fed from


http://www.traders-t...showtopic=77650

Yow brave call Xd. I still give the rally the benefit of the doubt, basis money supply and breadth.

For the moment.

HOWEVER, DESPITE MY CONSTRUCTIVE STANCE, BETWEEN YOU AND ME I AM PRETTY CERTAIN THAT OVER THE NEXT 6 MONTHS THERE WILL BE A FULL BLOWN MARKET CRASH.

I dont mind being quoted for this.

I dont rule out the melt up scenario in the meantime before we get it. indeed it would strengthen my scenario if this happened.