Sunday, February 12, 2012

SPX 2250 by 2014 - Speculative Boom Ahead Over Next 2 Years

There is a measured move and 1.618 fibonacci target which is pointing at SPX 2250 into the 6 year cycle high area of 2013-2014 Current 2012 rally potentially pointing above SPX 1500 over the next 3 months.

There really is no strategy other than a Livermore trend strategy of buying these breakouts, buying higher highs, averaging up and sitting tight with the uptrend.

There is no major price high in sight and wont be for several years.

http://chartblog.blogspot.com/2011/08/livermores-speculative-cycle-cylinder.html




1 Comments:

Blogger frankyu said...

Hi Dave, I think I agree with you. We are having a new bull market ahead until 2014.

1:11 PM  

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