Lowest Reasonable Target For SPY Pull-back

[shortie]

projecting SPY 116 by Apr 27

 

[noddyboy]

Quote from shortie:

projecting SPY 116 by Apr 27

typo, you mean 126.

 

[shortie]

i should add that this is my optimistic projection. i don't believe this market will ever go down. maybe in 2011.

 

[panamaorange]

A good target would be a 2/3rds retrace of the rally since march.

This goldman news just delayed the blowoff top by 2 to 3 days. Parabolic no volume rallies don't end on bad news. They end on no news, violently.

 

[shortie]

Quote from panamaorange:

A good target would be a 2/3rds retrace of the rally since march.

This goldman news just delayed the blowoff top by 2 to 3 days. Parabolic no volume rallies don't end on bad news. They end on no news, violently.

yes, i am starting to think that GS news just confused everybody. to my naked eye it appears that the market will have hard time breaking last week high, but maybe i am to biased.

your target seems to be around 115.

 

[shortie]

any thoughts on the pattern(s) we are seeing in ETFs over the last 4 days? XLE is different from the other 3 in that it broke the recent high. the others have doji today with filled (QQQQ) or unfilled gap (SPY, XLF).

 

[shortie]

Bulls are still nibbling at any dips. when does a bull become a pig?

 

[S2007S]

Last 25 minute rally coming right up as usual!!!!


Here comes the prop job!!!

 

[noddyboy]

Congrats to the one guy that voted for 118. You got it right!!!!

 

[shortie]

nice turnaround today! QQQQ made new high, the other major ETFs did not. is it reasonable to think that the top is not in place until QQQQ suffers a major breakdown?