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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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This SM wants ot go up.
The pendlum swung way way over in Sept to March...it is now returning to equilbrium and fair value. Look for the SM to return to the pre crash numbers adjusted for the econ.
Back in April I looked at the charts of the S&P and said 750 to 945...well we have finally broken through that 945...resistance level next stop 1000.
Recently a number of you fine investment experts claimed the Market was going to crash and burn...Tabby said 870 was support and guess what 878 was the low on the S&P. NOw it is roughly 970. There is going to be some retracement here, to back and fill. I would think support is around 920 now, the markets hung there for quiet some time.
You also have to view that the SM is the only game in town to make a buck. Some of the so called investment analysists think the SM is going back to the old highs..
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"Some Observer"
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