There will be no pullbacks in the Russell of any significance. It will continue to set new highs. Technically the Russell looks strong. There is a ton of cash available for the markets. Not only is American capital going into our markets but also international. Small caps are leading the way. Markets will be up Tuesday. The sequester will be solved before the deadline much like the fiscal cliff. Ironically we will rally strong after that. Economic data still good. Money continues to go into 401k's. The fact that the previous four responses think the market is going down is bullish.
Attention: emclu, dkships, et al "contrarian" numb skulls
Taking a contrarian position on what is currently a contrarian MB doesn't make you a contrarian, it makes you an anti-contrarian, conformist, crowd follower.
Good luck with that.
You're out smarting yourselves.
But that's gotta be the easiest thing you've ever done.
I have no idea. I have been wrong all year so my confidence in predictions is shot. the B of A analyst I follow believe we pullback from here but shallow then run to 1550. From there we could go back and fill the gap at 1425 with support at 1395. They are pure technicians so news and congress junk are the outliers. Personally, I need a pullback to 1475 to breakeven for the year and anything more than that is luck. I believe the play is long late March through April then I always prefer to be short through June. It works more often than not for me.