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To: The Freep who wrote (140911)1/31/2007 5:22:08 PM
From: Henry J Costanzo  Respond to of 209892
 
Mayhaps, Freep...

Re my "targets"....note that 1455 is one of my "arithmetic, more conservative" targets..I had noted that DWC had already exceeded its arithmetic target, putting into play the higher geometric target....moving target up from 14.366 to 16.053 (we're now at 14,564.06 high today ....just coming out of a correction..

Re SPX...FYI, If 1455 goes, next in line would be 1605...

(.... only about another 10% or so...LOL)

However, I can't buy that a "Fed rally" MUST be followed by a subsequent pullback...An impulse up is marked by corrections, so we will surely see pullbacks...probably in a matter of days..maybe tomorrow......Fed or no Fed....