You are way too young and inexperienced to get it.

My advice: Stay in the Ivory Tower if you can. Then things are much simpler. You can play petty bull-shit politics jockeying for tenure against your obviously less enlightened competitors.

I too like your technical picture & analysis…I know to take it for what it’s worth as it’s only a hypothesis, but AT LEAST it’s a plan with a defined exit strategy (which makes it sensible)…

I’m interested too in your larger TOP and BOTTOM points…(As 943 would be an exact ‘double top’ of the January 6th high – and 600 was my target on the downside in March b4 the market suddenly decided to stop at 666)…

It’s funny, I was ALL READY to start going long around March 5th…When the S&P was at 666 I said to myself “this is perfect”…”we’ll get a capitulation event where the S&P dives down to 640-600 and then reversed INTRADAY, if I see that, I’M GOING LONG…It never happened, and it never looked back…So I never got long because at first I thought it was a ‘headfake’, then the VALUATIONS never met my parameters as it kept going up…I just kept saying to myself…”Alright, I’ll wait for the final surge to the upside and just go short”…

Anyway…I LIKE the 600 number…

Here’s the thing though…To me it’s shaping up in a way that it could just do a .618 retracement from 943 down to 772…Then it could SUPPORT at that number (which would make the bulls all drunk with joy as they thought it was support for a new SECULAR BULL MARKET)…it would give them the freedom to call the market all the way up to around 1150 by late July…

Then the hammer would come down…Further data and earnings would not reveal the giddiness of this earnings season…You’d plummet from 1150 down to 600 between August and October…

That’s A LOT of $$ to be made percentage wise either way in the next 6 months…

Last interesting note…

The day the market hit 666…I had a print on my screen that showed 616.87 (which doesn’t show up on any charts because it was a TICK)…Do you think that that might have been a “SEARCH & DESTROY” execution, or might it just have been a key error? I wonder…

Anyway, I’m witcha bro…

1. grumble, grumble, grumble … all the posts are the same

2. grumble, grumble, grumble … you all suck

3. grumble, grumble, grumble … I have ‘womanly’ issues

ad nauseum

Go back to the gym, loser

Whatever you do, take whatever you read here skeptically….please don’t rely on my stuff…it’s free advice on the ‘net, so that’s what it’s worth. If you’re short at 918, I would suggest stopping out any close above 937 or any action above 943. I think we’re facing 20% of downside minimum. With a stop of a 944, you’ve got < 3 % downside. I try to seek out strong risk/reward scenarios and I think being short right now is a decent deal. Again, it’s free advice….

I think I understand where I misread you. The 920 was just an intraday reversal, right? Set me straight if I’ve got this wrong.

Thanks

that’s the ol’ Pepper..