Valkyrie
TSP Pro
- Reaction score
- 173
what u think BT? sounds good to me
Uncommon wisdom - Larry Edelson
"Keep in mind, these figures are applicable only for the last day of trading in 2010, which is December 31. But they must be gauged now, and followed into the end of the year. So let's get started ...
For the S&P 500, as we head into year-end, watch ...
S&P 500 Above 1277.50
— Very possible: If the S&P 500 manages to rally into year-end and close 2010 above 1277.50, it will 100% confirm that the March 2009 low in the S&P 500 was a major low — and that the S&P 500 would then be in a new long-term bull market, headed to a new record high by late 2015, early 2016. Naturally, there might still be a pullback in early 2011 if this signal were to be hit at year-end, but it would be a very BULLISH indication for the market.
S&P 500 Between 925.80 – 1277.50
— Probable: Technically, if the S&P 500 closes the year between these two figures, which I deem probable, this would set up a "neutral" momentum and trend indication for the index for 2011.
It would mean that the S&P 500 will experience extreme swings next year, occurring between 804.60 on the low side, worst case, to 1457.00 on the high side. In other words, a near 600-point trading range!
Stock Market Closing Price 12/31/10
$INDU Dow Industrial Close - 11577.51 Up 7.80
$COMPQ Nasdaq Composite Close -2652.87 Down 10.11
$SPX S&P 500 Close 1257.69 Down 0.19
Uncommon wisdom - Larry Edelson
"Keep in mind, these figures are applicable only for the last day of trading in 2010, which is December 31. But they must be gauged now, and followed into the end of the year. So let's get started ...
For the S&P 500, as we head into year-end, watch ...
S&P 500 Above 1277.50
— Very possible: If the S&P 500 manages to rally into year-end and close 2010 above 1277.50, it will 100% confirm that the March 2009 low in the S&P 500 was a major low — and that the S&P 500 would then be in a new long-term bull market, headed to a new record high by late 2015, early 2016. Naturally, there might still be a pullback in early 2011 if this signal were to be hit at year-end, but it would be a very BULLISH indication for the market.
S&P 500 Between 925.80 – 1277.50
— Probable: Technically, if the S&P 500 closes the year between these two figures, which I deem probable, this would set up a "neutral" momentum and trend indication for the index for 2011.
It would mean that the S&P 500 will experience extreme swings next year, occurring between 804.60 on the low side, worst case, to 1457.00 on the high side. In other words, a near 600-point trading range!
Stock Market Closing Price 12/31/10
$INDU Dow Industrial Close - 11577.51 Up 7.80
$COMPQ Nasdaq Composite Close -2652.87 Down 10.11
$SPX S&P 500 Close 1257.69 Down 0.19