on my 15 minute chart, if i’m reading it correctly…
we get a down trend day at QQQ = 67.
1 or 2 days, then x-mas rally into the 20th,21 when the fiscal cliff deal is announced…
-=-
i’m really guessing about this next part-=-
as soon as congress adjourns…
i think the market sells hard after the fiscal cliff deal is announced.
i found this a couple of days ago—
Goldman Sachs’ (beware of sheep’s clothing), equity strategy team
led by David Kostin just published its 2013 U.S. Equity Outlook Report.
And it’s bullish.
Our 3-month, 6-month, and 12-month
forecasts are 1450, 1500, and 1575. We use six valuation approaches
including DDM, uncertainty-based P/E multiple, cyclically-adjusted P/E
multiple, price/book and ROE relationship.
“S&P 500 sales, which are measured in nominal terms, will rise by
4.4% in 2013 and 4.7% in 2014,” wrote Kostin. “We forecast net margins
will remain static as they have for the past 18 months, hovering in the
8.8%-9.0% band through the end of 2014. Given this environment, S&P
500 EPS will rise from $100 in 2012 to $107 in 2013 and $114 in 2014.”
maybe this is a rumor run (fiscal cliff deal) and sell the news when the fiscal cliff deal is in. This happened right before alotta big moves down. In 2008, 2011 summer, QE3, etc….. seems all these big events get a rumor bull, then a sell the news bear.
old truth for those still yet to be unplugged
https://www.youtube.com/watch?v=h9Wsb4qBckU
on my 15 minute chart, if i’m reading it correctly…
we get a down trend day at QQQ = 67.
1 or 2 days, then x-mas rally into the 20th,21 when the fiscal cliff deal is announced…
-=-
i’m really guessing about this next part-=-
as soon as congress adjourns…
i think the market sells hard after the fiscal cliff deal is announced.
i found this a couple of days ago—
Goldman Sachs’ (beware of sheep’s clothing), equity strategy team
led by David Kostin just published its 2013 U.S. Equity Outlook Report.
And it’s bullish.
Our 3-month, 6-month, and 12-month
forecasts are 1450, 1500, and 1575. We use six valuation approaches
including DDM, uncertainty-based P/E multiple, cyclically-adjusted P/E
multiple, price/book and ROE relationship.
“S&P 500 sales, which are measured in nominal terms, will rise by
4.4% in 2013 and 4.7% in 2014,” wrote Kostin. “We forecast net margins
will remain static as they have for the past 18 months, hovering in the
8.8%-9.0% band through the end of 2014. Given this environment, S&P
500 EPS will rise from $100 in 2012 to $107 in 2013 and $114 in 2014.”
I hear others calling for 1500+ on the SPX, but I can’t see that without a sell off first.
AZO was asked about this today.
i like 340 support.
http://zstock7.com/?p=7211
disqus back up.
A Charlie Brown Christmas Rally,
w/ a brief sell-off at QQQ= 67
S&P 500 Analysis after closing bell: http://niftychartsandpatterns.blogspot.in/2012/12/s-500-analysis-after-closing-bell_12.html
lolll- good work.. too bad taxes don’t affect the elite- off shore accounts and”charitable trusts”
found a good one – Santelli makin Politicians look like pre schoolers
http://www.youtube.com/watch?v=114qY6Edmn8&feature=share
maybe this is a rumor run (fiscal cliff deal) and sell the news when the fiscal cliff deal is in. This happened right before alotta big moves down. In 2008, 2011 summer, QE3, etc….. seems all these big events get a rumor bull, then a sell the news bear.