Thursday, April 2, 2009

Iggy Call - Phase 1 Complete

Alright, my Iggy call was for the S&P to hit 835-850. It hit 845 today. Next stop is down if things go according to plan. I called for 710-730 but I think that's way too far now. With your permission I'd like to adjust that to 750-770. We moved too high, too fast for us to go back as far as I first thought.
We'll see if I get close. I'm hoping so, I want to get the big money back in and working for me.

It's been a wild ride this past month. Much sharper rally than I expected that's for sure. I hate that I missed half of it. But I'm happy being in the cautious camp. I don't want to get caught surprised on the downside.

Hopefully my next update will have us in the mid 700's.


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