Saturday, March 24, 2012

Market to Sell-Off and Consolidate

The Market has been going up with out a major sell off in the past 3 months. I think it's time for a pullback and consolidation. As the chart shows, the S&P500 will be hitting the up trend-line pretty soon and it might rally from there or go below it. I think the  Market will be weak for the next couple of months, but not sure whether it will go down a lot too. We have to see how it consolidates here and whether it will create to a pattern to go up or down (My long-term prediction is the Market could go to 1500 area in the second half of the year, but there's no guarantee for that too). Once we Sell-off and consolidates i will post where it will be going next.

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