MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 677.56

-2.0%

Jan 20 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tom Pulley who wrote (83895)	7/5/2003 12:26:24 PM
From: Rock_nj	Read Replies (1) of 99985

My longterm charting shows that the S&P 500 should be trading around 700 right now (a 25% to 30% drop from current levels). S&P should be trading around 1,000 in 2010. Add to that the fact that S&P 500 P/E's are still way above (around 26 to 30) their historical average of 15 and the fact that the volitility index (VIX) has become very lazy lately/trading in a trough (the market is complacent) and bullish sentiment has surged ahead of bearish sentiment. It all adds up to stock market downturn between now and October, especially if the economy doesn't show any signs of life.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next