Just to be clear. My prediction right now is for $60 by probably May of next year. I'm expecting new all-time highs in the broader indices some time next year as well. We'll see what happens as things unfold.
your prediction is at odds with Elliott Wave, Roubini, and ignores the fact that every major index, has broken below the uptrend lines, and each now has significant resistance overhead. In the event of a new bear market, and there will be another one at some point, the dow could see 6000, and crus will be well below where it sits. have to be nimble. in falling markets at least hedge, some buys of puts, some qid or sqqq, saved my tail by buying some before the drop. Short term, ie on Thursday's close the qqqq finally hit rsi 30, spy at critical level 1380 ISH. Potential exists for a short term relief rally, the one today was sold hard as soon as Obama opened his mouth, the SQQQ rallied from the low of 42.12 to well over 43 in 30 minutes.