31 replies to this topic

[hedgehawk]

Folks, Carl Swenlin just forecast a 350 Target on the S&P500 WOW. I like this guy, I follow his work and that is the lowest target out there. And I can not argue with his logic.


http://www.decisionp...90213_earn.html

Edited by hedgehawk, 13 February 2009 - 09:02 PM.

[HoseB]

Folks, Carl Swenlin just forecast a 350 Target on the S&P500 WOW. I like this guy, I follow his work and that is the lowest target out there. And I can not argue with his logic.


http://www.decisionp...90213_earn.html

He's sugar-coating a bit... doesn't want to spook everybody...

[hedgehawk]

If S&P500 is going to 350 then oil is going to $7.00 per BBL.

[HoseB]

If S&P500 is going to 350 then oil is going to $7.00 per BBL.

Wouldn't THAT be a hoot?

[selecto]

[pdx5]

If S&P goes to 350 in 2009 or even 2010 then UNemployment will be at 25% to 30%. And there will be a change in party power ala 1994.

[Slothrop]

I've got 360 POSSIBLE if we close below SPX 740 for more than one day. Most of it would probably be a straight down day after day after day, not unlike the oil dive from mid-summer to here. Liquidation, liquidation, liquidation. But we haven't closed below 740 yet. Some folks won't be happy until we get to 1007 first.

Edited by Slothrop, 13 February 2009 - 09:49 PM.

[hedgehawk]

Thanks for sharing Selecto nice work.

[Data]

I think denninger has the record with a target of 210 based on the bearish pennant.

http://market-ticker...-The-Abyss.html

"The technical target for a bearish pennant pattern is derived by subtracting the height flag pole from the eventual breakout level at point (e). "

http://chart-pattern...bearpennant.htm

I've seen other targets of 560 and 660 based on the height of the triangle and descending channel patterns that are in play. 560 would coincide with the long term support line from 1974. 660 would represent the .62 fib retracement from the 1932 lows.

[da_cheif]

ugly eh,.......lol.....prior to every large blast off there was the ugly decline .....so ugly in fact that no thought was given to a bull market as possible..........and thats the way it was.....heading west.....in the old covered wagon........lol.....


find me a bull please.....

http://www.decisionp...90213_earn.html

Edited by da_cheif, 13 February 2009 - 10:35 PM.