Jerry,
>>>>> ...all in all, well see 12,000 very quickly..especially if everyone is LOOKING for this "Expected selloff"... <<<<<
12,000 is very possible but narrow and not broad based.
As for everyone looking for a selloff, what Im hearing is only some profit taking soon but very few I spoke to are expecting a large selloff. Even you are expecting a dip as I am, but not something major. So I will disagree that there are many looking for a big selloff right now, even on SI, who is calling for a big selloff right now. Even BILL HUEB is calling for an upside of 11,500.
My bullish broker friends are soliciting very hard right now and they feel we should all be 100% invested right now and that there are absolutely no worries. So who is RIGHT NOW calling for a big sell off. There may have been more bears a week ago but as of today, and Im specifically talking about today, the bullish sentiment appears to be growing, not the other away around.
Heck, Im even somewhat BULLISH for the short-term.
seeya |
