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I'm not disagreeing with you, Michael. But when it finally comes the NASDAQ's
bully end is gonna be really ugly, IMO. You'll have to be like Jack, nimble and
quick, or you might get hammered by the end of a few long dark Naz candlesticks.
Chris
Michael Mangiafico wrote:
> The S&P posts today that Ben put out are an example of what I think is
> simply amazing. I have been short the S&P since yesterday morning. It is
> great when you analyze something and your work is correct. What shocks me
> is I am right, but the 3% moves in Nasdaq negate what gains I should be
> getting on my short of the S&P 500.. The power of the Nasdaq is quite
> insane, forget 5% per month, how about 6-10% per week. At this rate, we
> should be up 100% by the end of May.
>
> My point to this post is simple: Is it really appropriate to trade the S&P
> anymore, since Nasdaq is all that matters?? Analysis of the S&P really does
> not matter if the Nasdaq continues on such a crazy move, as it will negate
> movement, up or down, in the S&P. Anyone notice the S&P has really gone
> nowwhere in 3 weeks.
>
> mm
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