Oct 9, 2014


The bears were killed again. I told you we are near to a bottom and this was the second chance to close short positions and switch to the long side. I hope you did not fall into the bear trap.
What I notice is that my forecast are ok but the moves always stretch higher/lower than my targets. It is becoming a pattern so I will just raise my target from yesterday to at least 2000-2005.

I have looked at the Market Breadth indicators and they look bullish.... this move could last longer and higher than many expect.... including me:)

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