SPY, XLF, IYT - charts indicate that the Bottom is IN!

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option_trad3r

I believe we have finally reached the bottom of this bear market. I think bear market is over. Just look at the charts, they speak for themselves:

SPY1dl0815.png


Dow Jones Transport also have rallied.

IYT1dl0815.png


This is a very sure sign that the bottom is finally in.

For S&P I have a minimum target of 1050 by July, XLF target 25. See the gap there? It will be filled very soon now.

XLF1dl0815.png


I'm fully invested now and will not sell. I believe Obama and Geithner will make this economy so much better.

Other stocks: AAPL, GOOG.

Short-term (6 weeks) target for AAPL: $140, GOOG: $390.

QQQQ should be able to close the gap at $35 and skyrocket higher.

Buy the dip at any pullback, fellow traders. I was a bear but I now realize that this rally is for real :)
 
SPY1dl2220.png



XLF1dl2224.png


YES WE CAN!! Bottom is in. I absolutely believe that this is it. Buy more tomorrow. Futures is positive. Also buy GS (Goldman Sachs) and V (Visa)! I've made so much money since March bottom and I believe we are bound to head to at least 1050 soon! YES! Heading much higher soon!
 
It is fascinating that the OP says the bottom is in, then posts pictures of charts which show conclusively that there is no proof for a turnaround!
 
Quote from powerfade:

It is fascinating that the OP says the bottom is in, then posts pictures of charts which show conclusively that there is no proof for a turnaround!
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Agreed! Every chart shows the trend down. Lol!
 
Quote from option_trad3r:
Futures is [SIC] up, your account is gonna get raped in the morning.
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You're posting 1 year daily charts and then worrying about what's going to happen 'in the morning'?

You seem slightly confused, son.
 
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