Yep yep folks- I still think we have that S&P 980 is in our sight and possibly 1045 if we overshoot. I have been singing on these numbers for the past few weeks and the bigger picture seems to be panning out that way. I believe as long as we stay above the 864 level we are good on the upside, a number which was noted as significant level here.
Tomorrow I hope we gap down a bit so we can take a ride up especially on the stronger stocks and up to the next stop on the S&P which should be 932. As I keep on saying you have to be nimble and since november I have been out of shorts waiting on this upside to play out.
Lets see how we open tomorrow but I will be looking for volume to come in as this has been the thorn in the bulls side and speaks loudly that this rally will definitely FAIL because it is on weak foundation.
I wont speak no the FED decision because it is obvious that we are the next JAPAN. Falling real estate values, poorly run banks, worthless money and zero rates, how ironic when we called the Japanese idiots but we are now in the same position. To my friend Cramer please shut the hell up, STOP telling people we are fine and going high now! The most we have on the DOW is 10300/10500 and I will continue to say that, this is no new bull market just a tradeable rally.
EBAY looks nice here- Hope you all got those calls they are up 30%.
MARKETJEDI
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