We may still have a week, maybe two of indecision and backing and filling here, but I think that after Christmas, these will be taken out and in January I believe my minimum target of 2275 on the Naz will be achieved. I have turned neutral (not yet with horns on, though) since it seems that indeed the liquidity bolus from MSFT counteracted the retrenchment to at least the mid 2000, I expected. It can still happen next week and if we get a good solid EPC above .8 or so, that will probably be sufficient for me to get back into full bull mode, for about a month or so (g). After that, however, I still expect a good size topping following by a nasty nassacre late winter early spring next year. Right now, it seems that buying the dips is the way to go.
