Friday, February 11, 2011

Good Forecast on the S&P500...

This is what I say Monday 7th February 2011, looking also at the PFS that I posted in December 2010:

Precisely the forecast would indicate a High around 11th/14th February (also the PFS shows the same course), and we would see higher price in that days. Then...
... The most important indication for a strategy at the moment is to stay Long above 1304, exit if under this level, but re-buy if above 1305.
The forecast was correct, and we arrive exatly in 11th February on new High, at the price that I forecast like a minimun Target.
I said in Monday:
If the rally continue, a first target can be 1328-1333.
The High of today 11th February is 1330 points.