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S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,828.00
(
0.95%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.06
(
-0.52%
)
Bitcoin
55,401.77
(
-0.80%
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LongCYRX

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LongCYRX

Re: tigertrader post# 4934

Thursday, 12/31/2009 12:15:30 PM

Thursday, December 31, 2009 12:15:30 PM

Post# of 12137
So the SPX seems to be churning, what do you think, a volatility play? or follow the momementum when it breaks out?

Tiger, taking out the March lows is quite a predicition. If economic indicators continue to show improvements, why would the mentality change so drastically and send the market to below march levels?

IMO, gold continues to rally to at least $1,500 purely based on momentum and market speculation. At some point a danger signal will be apparent and will retreat.
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