Just checking in

midway in our vacation....

Few would have believed (probably even ourselves) on July 5th that we would get such a powerful rally phase. But now that it has come, we must take the next steps as in we outlined in our dow model previously. Basically use it till its fails and not try to time every penny out of it. We will start loading up on SPX puts and nasdaq (especially) puts around 1000 (SPX). We believe there may be another week or so of sideways to upwards motion. But by Nov end or so, we expect to see at least 25% correction in nasdaq etc.