Has anyone (i'm sure that most have) looked at the Conference Board's GDP forecast ? It aint predicting too large. I think it said 2.1 this quarter up a little from a revised 2.0 last quarter- if i am mistaken please correct me- this will be a stock picker's market.
Will the S&P hit 1300 in February?
- Thread starter rubberbird
- Start date
Quote from independenceair:
Five days to go , Nigerian troubles, CPI likely higher, Durable orders forecast lower- doesn't look like it, but you never know.
lets keep counting. 5 days to go and 10 more points to go. Lets see whoever come first and who will win the race DAY or POINTS?
now 8 and half point left to count.
oh man too fast. I think they heard about this thread. Hit 1294.
Only 6 points left to count
Only 6 points left to count
high recorded yet 1995.75. May be you will get 1300 today instead of getting in march. Just only 4.25 points left.
I wonder if it will hit 1300 or not.....daily chart says it's forming a 'W' pattern isn't it? Then it supposedly should go down soon. Even if it doesn't continue to WM pattern, but at least some. Resistance from previous high near 1295 and also psychological 1300 should be helping resist, plus high stochastics already crossed and dropping......also pretty congested at 1285-1290 range in the W formation.....but one thing I worry is that it's near end of month already now.....and it's the last leg of the W....seasonality might push this last leg to run a bit further, nicely above 1300, just so that the month will close above a nice number for those windows dressers. Let's see what happens. It's interesting coz only a few days left.........
?? S&P made a high of 1293.9 for wednesday.
Think he was talking about futures quote.....