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S&P 500 - How high can it go?
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2013 Feb 1, 2:23am 2,334 views 4 comments
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zzyzzx
2013 Feb 1, 2:39am
What do your charts tell you (and I really do need to learn that TA stuff).
1525-1540. Then 10-20% retracement.
basically I will not hold stocks in March -July but will load up by fall.
That's been the plan for several years.
It's a dynamic situation but that is how I will play it as of now.
Not a bad strategy - the biggest chance for a pullback is in may after roth contributions are done. Then profit taking starts.
I just pull my numbers out of the air ;-)
When I see lots of people finally getting back into the market after missing most of the easy gains, I just think that they are probably all wrong. Most people are after all horrible at timing the market.
Eman
2013 Feb 1, 5:00pm
What do your charts tell you (and I really do need to learn that TA stuff).
See what SFace said.
I just pull my numbers out of the air ;-)
When I see lots of people finally getting back into the market after missing most of the easy gains, I just think that they are probably all wrong. Most people are after all horrible at timing the market.
LOL! That's a decent strategy too. You think like the 1%er instead of the 99%er. :)
Any thoughts on how high the S&P will go? 1600? Mid 1500's?
Also any thoughts on how low it will go when it corrects?
My picks are
High - mid 1500's
Low - down to 1200's