Uber-Bullish Target
If SPX goes to top of channel...
posted by chartblog at
3:00 PM
Wednesday, September 14, 2011
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1 Comments:
FWIW,
Goldman reduces year-end 2011 price target for SPX to 1250 from 1400: http://www.scribd.com/fullscreen/65001389
Based on historical observations of GS predictions...
The 1250 value (+/-) 1 percent is likely to create an impenetrable resistance level for a while as institutions and individuals unload/sell their long holdings when the market approaches or very slightly exceeds it.
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