Looking for a "washout" buy point potential:
Gene Inger from Decisionpoint.com:
http://www.decisionp.../TAC/INGER.html
...you'll see areas that I am thinking are or will become attractive; and to investors, not merely traders.
...a couple of 'baskets' (ETF's) are breakdown victims now, when contrasted to continuous long-term charting; with an eye towards a buy-point for some of those. Not yet, but as time evolves as we've outlined for the broader market, and even in sectors like commodities as Fed subsidies expire; and a strong Dollar puts more downward pressure on prices.
... selected sectors...may be 'of interest' during the forthcoming washout...
The conventional wisdom seems to settle at around a 10 to 15% S&P rally for next year. Subject to change, that seems ridiculous. Now, if you mean off a potential intermediate (if not major) trading low that we envision in the course of the year, sure. In fact from such a low I'd be surprised if S&P gains didn't exceed that.
...Again, if you thought the dynamic and ever-changing 2011 market was wild, just wait for what may be coming in 2012.
Edited by Rogerdodger, 01 January 2012 - 11:26 PM.
