Wednesday, December 29, 2010

1262.60 Was Very Likely 2010 High for SPX

SGS is Long (as of close of 12/1/2010)
RTS 20101202 Long Portfolio

1265 was my SPX target for 2010, we got 1262.50 today, close enough.

Market is topping out and a typical bull market correction could start as early as tomorrow imo.   I think selling very likely accelerates in the first two weeks of January as people sell to realize their 2010 gains in 2011 and hence deferring their cap. gain taxes to 2012.

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Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice

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