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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Fintas who wrote (42402)	12/22/2012 7:54:41 PM
From: GROUND ZERO™	1 Recommendation Read Replies (1) \| Respond to of 222127

Anything is possible, so we could revisit the 1390ish level again, but I really don't think we will... but either way, frankly, I think this market is soon going to end the slow grind higher phase and morph into the euphoria phase which will accelerate the rally as more and more people begin to believe the economy is improving and this market is going to continue moving higher without them... this euphoria phase will run for the next 18 months and take the SP up to around 1700ish around mid 2014 before a significant top is made... remember, the State of The Union address is scheduled for January 29th and the FED will do everything it can to make sure this market is already at the recent highs in time for that address... As Keith has already and so aptly pointed out, the banking group has already broken out nicely... and also take a good look at the DOW Transportation Index, it has finally broken out of a long term sideways pattern that projects a measured move 20% higher than where it is today... all this is bullish for the stock market... We'll also likely see an upward spiral in commodity prices taking gold above 1900 in 2013... GZ