I went 50% long about a week ago, expecting 4300 on XJO. Ill go fully long tomorrow. If it goes past there, the 5000 area is the next target, for a 50% pullback on the total decline.
As Ive said before, so far this rally has gone nowhere much and has an unimpressive shape. It could go all the way to 6800 and still be a bear rally. But some of the best money is to be made on bear rallies - it is how Keynes made his fortune.
