Well today the SPX achieved the 1111 target that I mentioned all the way back on Feb 3 and again on Feb 4. I'll do more analysis to confirm, but a pullback now seems to be coming in the coming days.
Many analysts were bearish on Feb 3 and Feb 4, calling for further downward moves without a break up first. But the 1111 was achieved. Now, it seems that we will head back down (though many might be very bullish now).
Need to confirm through more analysis, but something like down to 1030, up to 1103, down below 1030 to 923ish target.
Here are my previous postings (cut and pasted here, see actual posting in posts below this one).
feb 3
115
i still have 1111 target lol...being stubborn... charts still sguggest it to me
Feb 4
247
1111 is still possible. charts still suggest this to me. they suggest a high over 1103... need to also watch for dbl bottom in the qqqq... watching both sides long n short
* 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".
No comments:
Post a Comment