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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 677.58+0.3%Nov 5 4:00 PM EST

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To: GROUND ZERO™ who wrote (39888)11/6/2012 6:17:33 AM
From: anandnvi  Read Replies (1) of 218491
 
FWIW, here is how I am seeing the market play out over the next 3 weeks:

1. Post-election, we will see a pop. This should be sold into.
2. After a couple of days of meandering, we will see the market tank into the sub-1400s. There will be some fundamental news to justify the selloff - Greece, the fiscal cliff, legal challenges to the election, take your pick.
3. Going into Thanksgiving week is when we should start buying again. That should set us for a first class rally to close out the year.

The only thing true about making a market prediction is that the market makes a fool out of you. So I've made 3 of them above. We'll see what happens.
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