What a great day

Look at the S&P 500 chart below, a nice big V is forming...

at 1/13/2010 04:18:00 PM

2 comments:

  1. AnonymousJanuary 13, 2010 at 5:22 PM

    Why the V shape is important? Awhile ago, you said QID could have a reversal around $19 for symmetric reason, as that was the bottom of QLD. What is your oppion on that now? Thanks.

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  2. TigerJanuary 13, 2010 at 10:51 PM

    The V shape could be a potential break out set up, if so, then S&P will hit 1200. With regard to the long term market view, please read my post on September of 2009:

    http://tjts.blogspot.com/2009/09/my-current-us-stock-market-view-and.html

    So far, I have not changed my view.

    As for QID, I am worrying if it will hit single digit price in 2010 or 2011 ... I mean QID could beomes less than 10 ... just a thought ...

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