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Re: bbqporkwings post# 513

Tuesday, 04/22/2008 10:28:21 AM

Tuesday, April 22, 2008 10:28:21 AM

Post# of 569
Here's what I think is going to happen based on the cycle stuff I read --


We get a pullback here because of the run to resistance (S&P).

BUY around 1350ish. Then, we run through 1400 with a target of the 200 day MA around 1430 to 1450.

Now this is where it gets interesting. A solid move north of 1450 could mean this entire correction is over. Believe that? That could mean new highs if you can stand it.

But I don't think so. That actually could be the area to short the sh!t out of. 1450 is your eventual major decision point.

Nasdaq looks like 2500 to 2600.

However, 2009 should be a very bad year in the market with the eventual resumption starting late 2009 early 2010.


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