you guys really should appreciate the significance of this chart. the "multi-year high" of March 2010 is not the multi-year high when spy is denominated in dollars. in fact it is around oct 2009 peak. SPY is much weaker than it looks! any experts on head and shoulder here? the next stop is below 1.29 (11% dump at least)
Bulls are everywhere, next 7-8 days worth of gains, that should easily take the s$p to 1200+ without question......everyone's opinion on the market is straight up. "I think they're going to mark these puppies (stocks) up through the end of the quarter. I think it might go on for the next seven or eight days, and you're going to grind higher unless you get some macro shock from Greece," said John O'Donoghue, who heads equities at Cowen.
Will the Dow Reach 30000 by 2015? http://www.elitetrader.com/vb/showthread.php?s=&threadid=187293&highlight=Dow