This post may turn out to be the fade of the century, but with the bears on the run, I do believe new highs in the SPX > 1550 seem both logical and possible. It would make it a key index to break to new highs if it happened, of the majors. Somehow the NDQ will have to wait.
I hold no positions, but to get long seems to make sense if dow 12500 holds.
New highs in SPX seem logical
Started by
Tor
, Apr 26 2007 12:06 PM
1 reply to this topic
#1
Tor
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- Traders-Talk User
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Posted 26 April 2007 - 12:06 PM
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#2
denleo
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- Chartist
- 3,097 posts
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Posted 26 April 2007 - 12:55 PM
Dow will not sell off 600 points from here to 12,500. Bears will be lucky if we get a 200 point pull back. All time highs on S&P are pretty much guaranteed. I am expecting a small pull back however.
Denleo
