2010 SPX ESTIMATES many suggesting as much as $74 and if you use a 17 X multiple you get 1,250 SPX potential target.
That is one of my overally optimistic targets, and if reached IMHO would be best chance of ending this rally if the TA comes in line to support that.
SOme things support it now, but there isn't much selling so how could I conclude the slling begins tomorrow. Prechter looks like a fool now doesn't he, as he went 2X short awhile back....it aint that easy.
WHEN the music stops it is going to get ugly again, not much of the issue has been dealt with, thank the HTF for a good bit of the rise. MUCH if not all of the bearishness has been wrung out...without barely a whimper of real improvement in anyone's life.
I was hearing snip after snip on way home from MANY OBAMA speaches where he promises "transparency and the national health care debate will be on CSPAN" haaaaaaa liar never was.
Like I said he's another whore in a suit for the money. sorry if that upsets anyone....
Because real issues and what got us into this mess not dealt with, the BAnksters are stronger bigger than ever, and they are ready to dole out near RECORD bonuses...a fact.
No ONE is held accountable for the crisis, no real changes of laws, protection....just speaches.
I say this all ends badly.....I better get my LCD BIG SCREEN before its too late.
Now it certainly looks and feels like the market will never go down......
D
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