I know a lot of people are talking about tops, market crash, and sequester, but I really think what is going to happen is we are going to hit an emotional / physiological wall from 2000 and 2007. I'm actually stealing a chart from another site because, hell, he has alreay drawn the chart. If he tells me to take it down, I will and I will post my own. But I have to agree being a technical trader that this overhead wall is what MIGHT slow us down.
We are either going to bounce off of it a little bit and then bust right through or profit takers take the oppourtunity to just cash in profits and wait for a pullback to re-enter. Either way, I think buyers will come rolling back into stocks because there is no other place to make a good return on your money. Sure not going to do it in Bonds, so they'll comback.
$1561 is where this wall will be hit in the S&P 500, so we have another 31 points to go for the show to begin. Now we have some real Drama and not News Drama!! I guess we should call this Technical Drama!
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