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Price targets: 1420-1450


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#1 arbman

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Posted 21 July 2011 - 10:21 AM

Sorry for bombarding the board, but if this is not obvious to you, you may consider to quit trading, we will see an hundred point rise out of this... They don't have any other option, they will try to print out of it and probably eventually crash miserably, but probably higher than where the shorts sold, have seen this movie too many times... Best of luck. :)

#2 dcengr

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Posted 21 July 2011 - 11:08 AM

Not obvious to me... You got special crystal ball?
Qui custodiet ipsos custodes?

#3 einscodek

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Posted 21 July 2011 - 11:14 AM

I think we will see 1200 before 1400.. if we do clear 1400, our econ is in real BAD trouble (I mean REAL BAD) .. its pretty bad already :)

Edited by einscodek, 21 July 2011 - 11:15 AM.


#4 orange

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Posted 21 July 2011 - 11:18 AM

I think we will see 1200 before 1400.. if we do clear 1400, our econ is in real BAD trouble (I mean REAL BAD) .. its pretty bad already :)


How does a bullish event such as hitting 1400 imply our economy is in bad trouble ?

"When your position is underwater, average down" - Professional Trader


#5 arbman

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Posted 21 July 2011 - 11:20 AM

Not obvious to me... You got special crystal ball?


DO YOUR OWN DUE DILIGENCE.

I am known to be wrong at some of the important market turns.

I was expecting a market top in 2007, but I was still expecting higher in October of 2007, but the market had a new high back then.

I think we will have a new high, a terrible new high actually in breadth and leadership perhaps.

Very Best.

#6 einscodek

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Posted 21 July 2011 - 11:49 AM

I think we will see 1200 before 1400.. if we do clear 1400, our econ is in real BAD trouble (I mean REAL BAD) .. its pretty bad already :)


How does a bullish event such as hitting 1400 imply our economy is in bad trouble ?


QE3 .. in nominal terms everybody loses

#7 vitaminm

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Posted 21 July 2011 - 12:25 PM

spx...R@1347..........1354
vitaminm

#8 fib_1618

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Posted 21 July 2011 - 12:25 PM

QE3 .. in nominal terms everybody loses

Not if you're long.

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#9 dasein

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Posted 21 July 2011 - 12:41 PM

sure, just like those guys long Reichsmarks and Zimbabwe dollars - you cant lose - especially as inflation will wipe out a number of productive enterprises - very tricky to run a business in such times.
best,
klh

#10 MarketAlly

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Posted 21 July 2011 - 12:45 PM

I think we will have a new high, a terrible new high actually in breadth and leadership perhaps.


Hedge fund leader John Paulson has told investors that he is turning bearish in his main portfolio, according to headlines that appeared on CNBC Thursday afternoon. Paulson said he has lightened his position in financial stocks that have heavy mortgage exposure, according to CNBC. Additionally, Paulson said he shorted the euro as a hedge against the debt crisis in the European Union , a CNBC headline said.

Maybe the big guys are giving us little guys a head fake? I suspect the 3 peaks and dome chart may reflect Paulson's move a month after Soros?
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