ERTS went at $66.99 for just $.19. In reedit, just added LLL here at $44.27.
I still expect backing and filling during the first two weeks in December (or just prior to Christmas) in the 1426 to just under 1500 before we get into year end and early January pump to the 1619 or so level.
Don't forget the other alternative scenerio: we retrench hard here for three weeks, then next year continues with the cyclical bull market, with a target of 1900+ (personally I think just a tad above 2000 to bring in all the euphoria) next summer. Of course, this is conditioned upon us retrenching hard here for three weeks, so forget about 1600+ this month. Pardon me for any lack of clarity, my cabbages are just learning to talk from both ends of their leaves ;-)
Well, wahz , if not Zeev, is expecting a fair drop first. When MP hits, it seems to hit a few days before OE which would leave a good 2 weeks to get to 1600 by years end.
Not siding with one or the other, just observing that MP seems to move towards the current market as much as the market moves towards it.
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