A few years ago, a famous bull said that 1374 would never be seen again in our lifetime.So the market will blow up through 1100 and never look back, or it will fall massively, into a longer secular bear.
Cute. How can you be wrong ? Only if it goes up over 1100, and then back down through it. I'd say the odds are high we see 1100 a lot with how this market has been trading since April.
looks to me like someone is bored, especially with the dearth of posts here on the board in recent weeks.
I think he was right...eventually.
I will be too.
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&st=2005-09-01&i=p46107161473&a=123330694&r=7403.png
Edited by Rogerdodger, 22 August 2010 - 03:40 PM.