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Rally next week after ST low


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#1 dTraderB

dTraderB

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Posted 08 October 2011 - 05:47 PM

Just finished my weekly analysis. Recent lows will hold on any pullback and then markets will rally: targets 1160, 1185, then 1220 Q3 Earnings will be below expectations, with dismal reports and lower forecasts for Q4 2011 and Q1 2012 earnings, especially the financials. Still, I am looking for a strong rally into mid or late December, after a November low, possibly as low as SPX 880 Looking to buy AMZN, EEM, MSFT, FAS, and AAPL Jan 2012 calls on deep pullbacks.