I think we are in that long bear market already look at COMP Index and all these rallies are corrections in bear market.
I agree we could now go to 1670 on S&P and about 15500 on DJIA, but chances are slim, IMHOP.
We have pretty good chance to see 52-54 on QID in few months if we do not take out current support. Weak dollar makes foreign investors fly away which could cause big drop.
I could be wrong on all assumptions and I was many times.
Farooq This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.
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