-------------------------------------------------------------------------------- Quote from thorn: and if it tops 1431.8 anytime thru 3/31/07, i will leave ET forever effective immediately. -------------------------------------------------------------------------------
This prediction had a good run, it lasted over a month, and i'm proud of my call of resistance. I offer no excuses today, it was breached, and congrats to the bulls. It's still a bull market, for now, until I post the next intermediate term top!
like the everready battery, the markets just keep grinding higher and higher and higher, it's getting weird!! http://lauristonletter.blogspot.com/
You are proud at calling a top on 12/22 when the S&P was trading at 1410 ? Watch those calls closely thornybird as they are fixing to be in the money.
We still have several more earnings reports and a Fed meeting to go. Many of the companies beat earnings, but most either offered neutral guidance or guided lower. As well, oil and interest rates continue to grind higher. Not to mention a very low vix and put/call ratio which doesnt spell bull. How do the markets climb higher without puts or volatility? I say everyone is using margin and eventually that will aggravate any small correction. This might be a bull trap...