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Wednesday, January 26, 2011

Laszlo Birinyi SPX 2854 By 2013

Laszlo Birinyi : ...The money manager, who has previously pegged the S&P 500 at 2854 by 2013, also said he believes charting the history of rallies is more useful in market analysis than heavy focus on global economics or fundamentals... He noted that the recent rally has signified the "second" stage of a long-term bull market; the market moved higher after this comment, Dave Rovelli, managing director of equity trading at Canaccord Genuity, told CNBC...

Comments : SSE and STI are laggard stock markets with shallow dips soon. SSE support at 2500 to 2600 and STI support at 3125 to 3150. SSE consolidating since November 2010 with STI following SSE! Stock Market reversal ...

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