SP500 to 2,500 pts
Buy the dip, if you believe the next chart. Because you wont be able to stop this rally!
The action by the NYSE Summation Index has been simply outstanding, the rapid rise to +1200 in quick time suggest that what happened 3x before is about to happen again. Ignore the negative news, the SP500 will print 2,500 in the next few years if not months.
The above statements is what you should agree to if there is to be QE 4,5,6. Readtheticker.com blog is not so sure, more time is required to believe the above. Of course the magical move higher by the NYSE Summation Index could by the hands of the central planners by buying the correct stocks with their magical machines. Watching and waiting.
"If you cannot make money out of the leading active issues, you are not going to make money out of the stock market as a whole." ~ Jesse Livermore Trading Rule
"The first rule is not to lose. The second rule is not to forget the first rule." ~ Warren Buffett
"Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception." ~ George Soros
"If past history was all there was to the game, the richest people would be librarians." ~ Warren Buffett
"I buy on the assumption they could close the market the next day and not reopen it for five years" and "Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell." ~ Warren Buffet