Best Guess

[TheProphet]

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It is possilbe not to get a pull back after the first week of October ? I think everything is possible...

Perhaps the pull back will be soft... and un noticeable...

My best guess the Dow will close at

10990 and the S&P 1213 on election year...

What is yours ? and average of 40 point a day till election... nothing impossible... and it will give Bush the edge to win...

 

[tsptalk]

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I hope you're right.

 

[TheProphet]

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Me too... :^

 

[TheProphet]

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Any outlook for next week ?

 

[tsptalk]

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lkatteng wrote:

Any outlook for next week ?

I expect the S&P 500 to break out of its 9 month long consolidating, downward trend this week.

 

[Mike]

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We should have a good week. The jobs report comes out Friday - I bet we'll see some upward revisions on prior months in that report, and that could very well give the market a big bump.

Let's see some more green!

 

[tsptalk]

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These reports drive me crazy. If the report is bad, it tells us the economy isn't growing and market doesn't like it. If it's too good, the economy is heating up too much so interest rates have to go up and the market doesn't like it. It has to be juusst right. Then the market will applaud. :*

 

[TheProphet]

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I was thinking more as bullish week... as the seasonality charts shown

I was thnking consolidation the week of expriation...
which star with columbus day...

What is the consensus... get out on Monday or Tuesday ?

 

[Dakota]

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Tom, are you saying you look for a good week from the s and p

 

[tsptalk]

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At least early on. I do expect it to break out higher Monday or Tuesday. If we see a pullback later to last Friday's close, it wouldn't be too surprising.

So my best guess is a breakout, thenlater a possible pullback to old resistancewhich becomes new support (~1131). I don't see a reason to play the pullback however, unless we go back below that 1130 area.

 

[TheProphet]

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My guess is that next week will be bullish...

The following week it may be a pull back...

and then bullish all the way to election day...

however I will pay it day by day...

Seasons look on the money...

But Seasons can be easy afected by random news...

or cyclical interventions...

Trend looks great... last quater of an election year...

 

[TheProphet]

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Also to me... but everything will be just right so
Bush can win the election... :^

 

[TheProphet]

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I hope so too... Leon