RichDad:dude, you will be bearish all the way to 15,000
True. 15,000 sounds like a good number. I believe it might go there. I'm wondering if I should take some off the table along the way just in case the market has a significant correction if it passes resistance too far too fast, like a coiled spring. I honestly wouldn't mind another 10% correction because that would mean that I could profit once again from the decline.
Most people believe that the end of worrying is when we pass resistance. My belief is that is when the worrying begins (except for the option traders that have buy stops at or slightly above the resistance levels). Be fearful when others are greedy!!!! Since I don't see to many greedy people, I'm not fearful. I don't see too many fearful people and I surely don't see as many low PEGs, so it's not as much of an opportunity as it was when the market was about 8% lower as stocks that I've been tracking typically trade at 1.9 to 2.25 beta.
Aqua