One well-known market service that I had a trial subscription with issued an upside SPX target of 1449 a month or more ago.  When we recently regained 1392, he issued a buy signal for the SPX. I can't name them, due to the agreement w/ them for subscribers (even trial memberships), but it's a well known person who worked for a major financial house for years before retiring a few years ago.  Anyway, if we do reach a higher high, I will be looking to take a modest short position.

    Charles Nenner made that forecast

    Posted by sethbru on 4th of May 2012 at 01:43 am

    Charles Nenner made that forecast in a recent interview.

    Guy has been nothing but

    Posted by freddy123321 on 4th of May 2012 at 06:57 am

    Guy has been nothing but a bear and now he is bullish. Figures.

    there are quite a few

    Posted by Palladin on 3rd of May 2012 at 10:42 pm

    there are quite a few "services" calling for 1550 - 1600 SPX. Marketclub, Long Short Timing, TrendTimer (bullish, no target) and many more I don't feel like remembering (hurts my head). What makes your guy worth considering? Give us a hint... hopefully it's not Prechter Smile

    so is the target still

    Posted by xxnileshxx on 3rd of May 2012 at 09:51 pm

    so is the target still 1449 or do you have the higher number that you can share

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