Thursday, November 4, 2010
Best Guess S&P Target
Today I would expect the April S&P cash high of 1219.80 to be tested. We should soon know whether the question posed in What If It's a B Wave? was prophetic. I seem to think after all it was, which would indeed put us in wave C up to even higher levels. But before that happens, there is still work to do right here. The markets are stretched and euphoric. Too many traders playing with matches.
Subscribe to:
Post Comments (Atom)
Marz, this is such a great place where I can go and get a feel for a Sane Way of looking at all the insanity. I had one of my best days ever today but had no faith in any of it, trailing tight stops and ringing the register quickly. This indeed feels contrived and overdone, hopefully a lot of innocent people aren't hurt evermore badly following the feds tricks!!!
ReplyDeleteCheers, Tom A
Congratulations Tom! That's great news, and thanks for the kind words.
ReplyDelete