1 reply to this topic

[pisces]

The markets job is to fool most of the people most of the time .

reading the board every day probably 85% of folks here are bearish expecting a big downturn.

makes me wonder if thats going to happen..

i took a close look at  GS today and want to point out a possibility : since the 2nd week of dec it traded in a perfect upsloping channel,the earmark of a running correction.if thats what it is , the pricetarget is $320.00 +or- 20..

 

now this is not a forecast ,just blabbering TWT.

 

 

 

 

4

[qqqqtrdr]

I agree...  Although we are short term overbought, backdrop has gotten more favorable for the Bull to continue...

GDPNow has gone up.

Home Sales and Car Sales came in Strong.

Rydex Ratio has become more favorable for an upturn in stocks...

 

There are bearish outliers with high PE, possible dropping oil prices......  

 

Barry