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  1. Y

    Bearish on Airlines (XAL Index)

    I believe the XAL (Airline Index) will decline at least 5% from its recent high of 61.74 on 1/4/07 within the next 4 weeks. Based on my system, the sentiment and valuation of the XAL Index hit extremes on 1/4/07. Correspondingly, I have taken a short position in IYT at 83.24 on 1/5/07. Given...
  2. Y

    how do you guys pick tops and bottoms

    I believe you can pick tops and bottoms with consistency using a system that capitalizes on extremes in sentiment. Here are some examples. On 4/24/06, I stated that the stock market was due for a correction of 5% or more within two months. Within two weeks of my Call, the S&P 500 reached a...
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