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Four Reasons We're Headed Even Higher

The target has been 1,000-1,100 since back in March. Patience will pay off on the short side as it did on the long side.

Take a look at the daily and weekly S&P chart and you will see... It's possible that we breakout of 1,040 and run to 1,121 but that's it.

This is the time to sell into strength for the conservative investor and start taking short positions (w/ tight stops) for the trader. G/L!


On Aug 28 12:30 PM Tack wrote:

> Too funny. Almost too recently to mention the "smart traders" were
> saying that the SPX couldn't penetrate 880. Then, it was 940. Now,
> it's 1040 that's "magical."
>
>
>
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Four Reasons We're Headed Even Higher

This is probably the worst time *ever* to invest in equities. Any smart trader / investor has been selling into this top.

Folks, we are in a bear market rally in a secular and cyclical bear market. Just watch how the S&P is rejecting 1,040 for the nth time. Breaking 1,014 will get us quickly to retest 980.

Disclaimer: Short S&P and long short financials.