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  • tradingxyz
    , contributor
    Comments (17) | Send Message
    do u think the sp500 will reach 1276?
    14 Apr 2010, 12:35 PM Reply Like
  • aarc
    , contributor
    Comments (3756) | Send Message
    Author’s reply » 1256/57 more likely but scary since Russell will be hitting max limit before that time. Banking sector will also be over-heating soon together with Transports if SnP tries hard to reach 1257.


    Very seldom did SnP was able to reach maximum target since it is a broad index. Nasdaq can do it more often than either Spx or Indu.


    Play safe: 1227 to 1243 is my ideal target range based on the daily and 240min charts for fine-tuning purposes.
    14 Apr 2010, 02:44 PM Reply Like
  • The shark
    , contributor
    Comments (159) | Send Message
    Thanks Aarc,


    I took on board your comments from a few weeks ago where you predicted a rally up to the 1,250 level. I was very negative at the time and had exited most of my positions. As a result of your comments I relooked a few things and took a view to "very short " term trade what was left of this "rally" . I have had a good 12-15% on just about every long trade position taken - I have started to lock in the gains.


    Thank you I appreciate your commentary and insights.
    14 Apr 2010, 03:44 PM Reply Like
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