If you run and EWT or Head and shoulders off that move we just broke out of you get 1000SPX, or roughly the 200dma.
not that it's going to hit it...
But sentiment wise... all the top callers have to STFU, for it to happen. The luke warm response to(there were 2 posts to a TA call of potential upside, when a Maximum sentiment call on that blog is more like 15 posts.) this post 2 reply's shows limited acceptance to upside notion.
If one can't call a bottom... why would you try and call a top? Trade what you see.
But nobody will read this because.... For the most part the only analysis people want is the analysis that agrees with how they feel. And that is the easiest way to lose money.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Thursday, April 9, 2009
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