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Nasdaq crashes .03%!


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there wont be any correction:

JPMorgan Says S&P 500 Will Rise 18% by End of 2010

?€œInvestors remain too pessimistic regarding the durability and trajectory of 2010 U.S. growth as well as valuation upside,?€? wrote Lee, whose projection that the S&P 500 would end this year at 1,100 tied him with Goldman Sachs Group Inc.?€™s David Kostin as the most accurate of eight strategists tracked by Bloomberg. ?€œIt is a mistake to wait for a correction.?€?

Lee said there’s a 95 percent chance U.S. stocks will rally in the next 12 months based on his analysis of the last 19 bull markets that lasted nine months. While the S&P 500 will probably end the year at 1,300, it may suffer a 10 percent retreat along the way, most likely starting in June, Lee wrote.

 

The S&P 500’s advance will probably last for years rather than months, helped by improving access to credit for households and small businesses, pent-up consumer demand and a rebound in employment, Lee said.

 

Lee forecast that S&P 500 earnings will climb to $80 a share in 2010, driven by financial, energy and technology- related companies, as margins and revenue improve. He recommended banks and industrial companies, and upgraded health- care providers to “neutral” from “underweight,” citing “greater visibility” on regulatory reform.

 

The profit forecast is higher than the $78.67 a share mean prediction of more than 1,500 equity anal cysts surveyed by Bloomberg. Economists project U.S. gross domestic product will expand by 2.6 percent next year after shrinking by 2.5 percent in 2009, according to data compiled by Bloomberg.

 

Lee’s 2010 forecast is tied with Oppenheimer Holdings Inc.’s Brian Belski for the most-bullish projection among Wall Street strategists tracked by Bloomberg.

http://www.bloomberg.com/apps/news?pid=new...id=aAPPUhu11D6s

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Yet another trading session where, according to my numbers, the SPU LOD was set after the HOD, but the SPU closed near the top of the day's trading range.

 

Free and fair markets for all.

 

Goldman Sachs are the Borg. Assimilate.

 

Why fight the absolute corruption? Why fight the absolute perversion of numbers?

 

The way I see it, we are either going to wake up with the market down 25 percent or else we will have adequate warnings because the main stream media will start reporting the truth of how bad things are.

 

The one way we are all in trouble and there is little to do. The other way we will have time to readjust our thinking.

 

There will be trips in a generally downward path, but the question is how low will the low be before the markets are jerked higher again.

 

Remember the action during GLOBEX when a good part of the SPU movement happens is based on futures, and not the actual trading of equities (there is some, but not like during cash trading). The rules for futures are different at so many levels.

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There will be correction starting end of February, according to Bradley in 2010.

 

Crash count didnt works (10 DEC 2009 as a crash). that was crap.

Can we start adding up all the systems and prognosticators that have been wrong? The Spiral Calendar, Elliott Wave, on and on.

 

Oh, I forgot. Elliott Wave was not wrong, they just have to adjust the count.

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the only thing that was almost 100% right was bradley for 2009. so no correction till the end of 2009.

 

now is the perfect time (ema,sma100 on daily eurusd) to pump this thing to 1.48-1.49 for couple weeks and pretend everything is all right.in January, february we had terrible data this year (production etc) no now, any y/y comparission in jan feb 2010 will look F**ken GREAT! thing about it...

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the only thing that was almost 100% right was bradley for 2009. so no correction till the end of 2009.

 

now is the perfect time (ema,sma100 on daily eurusd) to pump this thing to 1.48-1.49 for couple weeks and pretend everything is all right.in January, february we had terrible data this year (production etc) no now, any y/y comparission in jan feb 2010 will look F**ken GREAT! thing about it...

I agree with your logic.

 

Today the December SPU contract closed within a point of the closing high for this move. That gives them something to gun for when GLOBEX opens on Sunday. Then they just need to take out the actual high for the move.

 

Just about everything that I look at seems to indicate a turn upwards with time and level unknown.

 

The trading range just allows longer term indicators to start to bottoming creating the launch pad.

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