moolamanic's - holdin' 'n' grinnin' - tuesday, page-15

langadan - Japan only need a slight uptick in rates and they cannot meet their debt obligations. If you think Euro caused problems - wait till Japan tips over the edge. Hopefully it won't happen because if it does it will make this year look like a walk in the park.

Sentiment on this thread goes back and forth. Some of us have been bullish for a considerable time but whenever I start seeing the type of comments that we saw yesterday, I start thinking - time for a bit of a correction. Then when I saw the percentage of the option money that went into calls yesterday, I do get nervous.

I have had a target of 1325 on the SPX for ages. All I am interested in is trying to decide if the market could run off the rails before it gets to my next target. If we don't have a correction here and it does run straight to 1325 to 1350, then it could well herald something more sinister.

Just the way I read my charts - others may well have a different view.