Wednesday, March 18, 2009

S&P hits 800....

As I said in the post from March 11th the % move looked for an 800 target in the S&P on this rally. We probably will stall for a few (minutes or days ) but the FED had gone nuclear and they are going to print their way out of the banking crisis....Look for another leg higher (as stated in this morning's note) and then a sell-off...

This is a tradeable market and it must be done that way. Do not fall in love with names.






posted by Peter Greene

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