http://www.trendtradingtowin.blogspot.com This is the guy who does those commercials on cnbc, mike parness, says dow is headed to 2500 before it ever gets back to 12,000. "We will see 2500 before we see 12,000 again, mark it down. And, as I will continue to say...I HOPE I'm wrong! RULEEEE!" Also said C was going to Zero which I think is quite possible myself.
I believe this guy used to be on ET many years ago, and incredibly, was hassled by the same idiot who targeted me way back when. Parness is the real deal, and at the least, has very entertaining commercials.
interestingly enough, the monthly chart of the SPX shows a double top. Important to note is the increase in volume when breaking down currently, and the size of the bars. (3 months 300+ points) Normally with double tops increase in volume in direction of the trend at the completion of the double top increases successratio of the double top, then again we haven't had a monthly double top since ever, so it's unknown yet how it would work out. This is very interestig, because if this momentum continues we could see alot lower levels on the SPX.
700 ever so close, it doesnt take much these days to see the s&p swing down 100 points in a few days.