QUICK roadmap: Up a little, then down hard

I'm long on these swings BUT ONLY FOR THIS RALLY. In the coming weeks, i expect lower prices

(see targets below).

Also, my work suggests that the current rally MIGHT PULL BACK ... but this is not the time I will short... After any pullback, (unless severe, breaking all supports) I expect prices to go HIGHER than the HIGH before the pullback. So if it pulled back tomorrow, I would expect prices to EXCEED the 1105. The 1111/20/30 targets all remain.


RALLY
Targets for rally (approx, not precise, will have more precise targets later.
SPX:      1111, 1120, 1130 all possible
DOW:    10,400 10,500
QQQQ:  45.50, 45.75
VIX: continue to backtest lower

MORE AGGRESSIVE PULLBACK
Of course it will not go straight down, but these are my targets, for now. More precise ones to follow.

SPX: 1030, 916, 822, and if that breaks then retest the March lows 667

916 might be the final place. Also, at 1030 I expect UP then down to 916. A bounce at 1030.

* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".