“We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

Exactly.

But I have to point out something that upset me today: “The president-elect set no goals for reducing the federal deficit.” I”m neither, nor nowhere near, an econ or political guru, but this sounds to me like a potential long term neglect which could spur a tank 8 yrs from Jan 09 ( 2017).

But in the meantime, short-term outlook (over the course of the next 8 yrs) could be absolutely amazing or absolutely…well ….not so amazing. Im still looking for this 9525 break in the DJIA and this 1006 break on the S&P. Up until that point i’ll capitulate and concern myself with pre-positioning liquid over the next 60-90 days to take advantage of a potential opportunity. BUT. And this is a large BUT. If not….a 1565 DJIA could quite be possible. If you noticed, I mentioned liquid. positioned. By this i mean both ways. I’ll position fund liquid in a manner that allows cap gains on the downside (going short) or cap gains on the upside. I gave you my resistance #s above for what I believe cap gains can be achieved @ on an up-tick. But I wont disclose those #s on my strategie’s downtick.

Besides that I think this could look like a neckline week ending tomorrow people, markets closed on Thanksgiving, Happy Thanksgiving all! .. Heads and shoulders are still occuring, breakouts are abound. Watch sectors and your volatility on a minute by minute basis tomorrow, consider it the last day of the week. But remember one thing…..bargains are aplenty on Black Friday in the market as well……I know it’s Thanksgiving, but @ least prospect potential bargains for analysis on Monday, lol. Sunday morning we get our past-week analysis and forecasted monday analysis for monday morning. Happy Holidays, peaceeeeeee!!!!

-Ozzie.