OK, instead of spewing my market guesses I’ll get humble and ask the forum experts…I’m sitting here in China (midnight) and packing to head home after a 3-week trip. (I’m taking a ten minute break away from pondering how to pack 200 lbs of China knock-off clothing into my baggage without having to pay for airline over-weight luggage penalties!)

Anyone see any good market plays short-term?

(I’ve got a good understanding of the good long-term plays such as going long oil stocks and gold…but I’m not sure where markets are headed very short-term)

I totally missed out shorting the fall from S&P500=1,000 down to 750; that’s because I invested ego in posting on here that I was sure markets would reach at least 1,100 (S&P500), offering a higher entry point for shorting. Making stupid posts like that affected my objectivity. I missed the entry point, so I missed out making a hundred-fifty grand because the bet I had ready to place was $300K short with 2X leverage (SSD). I never placed that bet because I kept holding out for the 1100 entry point. It never came.

Instead of giving advice on that Fool’s Rally, I should have ASKED for advice, because there were people on here who guessed right the top was about 1,000.

Anyway, so I decided to retrench and get humble, post fewer annoying posts, and focus on making money in the markets.

Things did turn ’round my way this last week as I played the recent fool’s rally with 2X long bets on the S&500 run up from 750 to 860. I managed to add 8% to my portfolio on that run. Then I sold EVERYTHING, going to cash a few days ago when S&P500 hit 860.

Anyone have any psychic intuition on how high this fool’s rally goes? Will we go up to 900? 950?

I do remain convinced that S&P500 will hit 600 sometime in the next nine months. So I’m looking for another chance to enter at top of Fool’s Rally and go short. But what will the top be? Are we out of steam already at 860?

I have totally given up on wishful thinking that before end of year S&P500 will fool rally up to 1,100 or 1,200.

What about gold? I dumped all gold during this last week at $810. So, I’m looking for another entry point at about $710/ounce. Anyone think we’ll see that?

I also dumped all my oil stock positions, making about 15% on those over last couple months. I’m hoping *fingers crossed* that we’ll also see lower values on oil stocks…but totally guessing on that.