Monday, January 19, 2009

S&P500 at $750 or even $600 is in the cards... It'll be time to go very short very soon!!

If my analysis serves me well(looking at $NASI etc.), we will rally this week and may be the next to touch the 50EMA on $spx one more time and at that time, I will go very short - shortest I can ever be!!!  In regards to the well-known stocks, my guess is GOOG has to see $216, AAPL must see $51 and POT must see $37 for example. I wrote this post on Monday and did not publish as I wanted to add more information to my call. There is no need to add it now as the market has clearly demonstrated where it is heading now ;). 

Pankaj

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