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Faith Can Move Mountains


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SG Chimes in


As you all know, I called the moves recently pretty accurately using my ewaves and other proprietary stuff culled over the years.


Yesterday I said I covered at 1045 my 200% Q's short position.


I did not reenter last night at all.


Today we see the Q's as my cited resistance of 26.90 this morning...


Some gaps to look at today to SHORT into


NDX... 1093- 38% retrace; 1105- 50% retrace; 1117 61.8% retrace


Above are all from the Monday highs where shorted


Depending on this mornings action, I will likely re-enter on this upward re-trace.


Cheers and back at ya later...


Target on Q's remains 24.20-24.50 within 5-7 trading days or so... after todays corrective move...

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The run off the October bottom has finally hit the wall, and we're going to exit both our long positions in the Rydex funds at the close today.


There is a good chance that today we'll see a bounce, and a good chance it will last through to the close.


Following the coming correction, it should be time to get aggressively long, for a larger thrust higher into 2003. The weekly charts are projecting a much bigger move that should carry the markets considerably higher by next spring. 21st Century



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