Bernie Schaeffer: A Bullish Trade in the Making
Richard W.
...can't have all that money sitting in money market funds -- gotta suck it back in, the bear is hungry.
Interesting that Bernie Schaeffer has turned more bullish on this rally. I like Bernie -- he's a straight shooter so you have to take him seriously.I've been mulling over Michael Hartman's 10/25 chart and commentary, especially the following: "Even if the market can regroup to push through the [S&P] 900 barrier, I don't see it breaking through the neckline [S&P 930] or the long-term bear market channel [S&P 975]."
Bernie Schaeffer's commentary makes for an interesting contrast with Michael Hartman's: "A logical termination point would be the 1100 area on the S&P 500 Index ... Another less likely possibility would be 1160 ..."
Thanks for the link.