I have S&P 1030 as the target for my long positions. Price patterns from the last bear market tell me we're looking at a contraction in volatility, drift into the 1100s by year end, followed by the next leg down. But we could just as easily hover around 950 or drift back towards 750. Depends on whether there's some unexpected bad news (sovereign debt default, something like that) but otherwise I think holiday sales will be terrible and prompt another drop in January.
975 area before we see any kind of pullback and still stuck in the 840 -1045 range for the S&P. T http://actionpointsta.blogspot.com/
Seems too many people are drinking the doom and gloom koolaid. Things just aren't that bad, or atleast not as bad as they may seem. Seeking alpha, tech ticker, Kudlow, Cavuto, are all bullish.