tag:blogger.com,1999:blog-12333088.post3131302160016171582..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Guesstimates on December 5, 2011Carl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-12333088.post-26435312795593050042011-12-05T12:57:54.580-05:002011-12-05T12:57:54.580-05:00$SPX has a 1,050 (daily) and a 1,040 (weekly) targ...$SPX has a 1,050 (daily) and a 1,040 (weekly) target on the P&F charts, standard settings ... while last week's rally was impressive, I can't shake the fact that explosive rallies like that happen in bear markets. Not saying we can't go higher here for awhile (2-3 mos), but ultimately it will all be in vain, as we have all but consumed our future oxygen supply.Anonymousnoreply@blogger.com