Market road map

Seawave

Needless to say, market is still in a strong bull mood, with several  targets above from different bull herds.

The nearest Es target is 1126.5.

The hide danger for bulls is we are at a big 50% retracement for a short setup (spx 1121), plus a group of MMs who don't sell because of tax reason might start to claim their profits after new year.

As to the intermarket indicators, US$ shows more up side room for SPX, while tlt, gld and vix all are in oversold territory, and a sudden drop for spx is anticipated.

Compare to the chart of 2003's bull market, there seems a lot of similarity. One thing to notice is by then, the 50% retracement line of SPX had also been flirted and pierced by bulls for a while, but eventually spx fell back to have a 5-months consolidation.

Cobra

Thanks. Good comparison between now and 2003.

terranmn

jeff110

Seawave

Thanks. Good comparison between now and 2003.
Cobra 发表于 2009-12-27 13:26

谢谢股神给俺发的年终大奖！

碧海潮生

pyt

MtlJaysFan

Thanks

windy

Thanks. great post.

ranchgirl

great stuff

weigoodone01

wnd4

ding

demand

thx

xnz

THANKS!

nanosensor

Thanks

ut1984

guyuxiao