How far can we go with this upside wave

KeepInHand

Take SP500 as example,

In the past 3 days, market (SP500) rise from 676 to 750, almost 75 points, up 10.9%,  is it over yet? Short squeenze will continue.

I see at least another 25 point upside room for bull to play with, OE will close around 775 to 785.

Good luck guys

ppteam

OE Wed reversal might play out well this time.

KeepInHand

OE Wed reversal might play out well this time.
ppteam 发表于 2009-3-12 16:50

Couple of bear's nuclear bombs are discharged, like C, GE. So bear lost at least 50% of original power.

The remaining bomb for bears are GM bankruptcy, Credit Card Debt, Bond, etc

It seems to me Wall Stree has stopped game of punishing OBama, which make him realized that he has to co-operate with Wall Street to make his president seat safe.

supsucc

we play until trend changes,

and I believe Cobra's comments, this bounce may have more LEGS

MAD, until big GAP DOWN

多吉

两三个星期的牛势应没问题。

中间会有6~10%的pullback。

zhyuan04

I see SP to 770 at most. SP could go to 730 as a small correction to fix overbought signals and then rally to 770 to complete this round.
After that we will either see (1) a bear downtrend to break previous low (666) to around 600 or (2) a correction downtrend to retest previous low to around 700.
So either way, 770 is an exellent shorting point no matter 666 is the real mid-term bottom or not.

Couple of bear's nuclear bombs are discharged, like C, GE. So bear lost at least 50% of original power.

The remaining bomb for bears are GM bankruptcy, Credit Card Debt, Bond, etc

It seems t ...
KeepInHand 发表于 2009-3-12 16:53

KeepInHand

Take SP500 as example,

In the past 3 days, market (SP500) rise from 676 to 750, almost 75 points, up 10.9%,  is it over yet? Short squeenze will continue.

I see at least another 25 point upside ...
KeepInHand 发表于 2009-3-12 16:47

Only 5 points away from my SP500  target range 775.

Climax point of Bull will arrive very soon.