Replies to post #125978 on SPDR S&P 500 (SPY)

[wolverine02]

150 or 250 SPY Poll, which comes first

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150 ----------------------------------------250

Oddlot
wolverine02

[optionslearner]

OK OL!....BRAGGIN RIGHTS!


I just let you know when I came to this Board; SPY was around 190 and Falling; I called SPY 205 before 2014 Year-end and some here thought NO-WAY!....So Then I GUESSTIMATED SPY 250 Before 2015 Year-end and I still Stick with it...But BRAGGIN RIGHTS will go to the Winner!....Right Now I believe that "Capitualation" type Move set-up SPY to 250...Maybe your right; But I hope Not!...Only Time Will Tell....Also GUESTIMATING My Spec Play $AXU Alexco Resource goes Up MUCH HIGHER in 2015...Care to take a look at that one and Go for BRAGGIN RIGHTS aswell on it?

I believe we get a SPY Pullback soon and Then Onward and Upward!!!

[USDollar]

Anything's possible. First to 250 or 150 first.

250 seems more likely to me, MUCH more likely at this point in time than 150. OK, as per my chart reading.

But as lows are concerned, I'd say 170-ish is the more realistic low target, not 150 9which i find unrealistic based on TA, other than it is indeed a nice round number.
The 170-ish also borders the -20% they brainwashed us into believing is Bear territory.

The actual low target is much lower than 150, nothing that a panic selloff "2008 stile" can't do.

Now in regard to what comes first, the up-target or the low-target, I would not dare even a guess.
But looking at the odds I'd have to stick with the odds , so if QE is in place then 250 first, with occasional corrections.

My biggest fear is a vertical selloff ala 2000 style, a massive flash-crash, which they'll likely say they saw it coming and is because XYZ, and having the big guys AGAIN loading from the lows while AGAIN scarring us we're in a Bear market.