YaKa

SPX - Repeat of 2010 Greece Scenario

FX:SPX500   S&P 500 index of US listed shares
343 5 4

In Jan 2010, the market had had a good run from 666 to 1150.

Then came some noise about what could happen in Greece... the market corrected a few weeks 8.5% and then rallied hard to 1220 for 3 months into what became the top for a long while.

The sequence is repeating:
- SPX             is on heavy top since Nov14. Agitated and unable to climb.
- The potential Grexit scenario is all over the news again.
- I can see the market using any catalyst to breath to 1930/1880 and launch a 3 months rally to new ATH             circa 2140 which woudl probably call for a 20% correction into year end.

I have the growing feeling:
1 - 2015 is a trading year.
2 - 2015 is going to end up badly after a last potentially strong rally.
Recluse82
2 years ago
you are very confident that the stocks is going to fall now, im not so sure
Reply
YaKa PRO Recluse82
2 years ago
the market needs buyers and sellers.. we are in different camps. all the best.
+1 Reply
Recluse82 YaKa
2 years ago
im not a buyers, i'd like to see market collapsing but it wont happen recently
Reply
YaKa PRO Recluse82
2 years ago
so. Please if your view is not strong enough to trade, no need to mention... Btw it is obvious that there people disagreeing at every price otherwise there would be no transaction... I know there are buyers out there... actually i hope there are buyers out there and that most people want to buy... market does not do what most want... Rather the contrary..
+2 Reply
daisyann
2 years ago
I just hope the market is clean and clear based on the real economy. No confusion, No victim!
Reply
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