S & P 500 Index (1179)

In my September 27, 2005 Blog Comment on the S&P (1215) I said I would be more comfortable when we settled lower to the 1150 area.

I am now satisfied that we met this objective the other day, which brings me to one of my earlier comments about a trading range between 1150 and 1250. I haven't really seen a short term buy signal yet from my unique price momentum models. I'm jumping the gun a bit when I suggest that another attempt to challenge 1250 appears possible once base building is complete. Bias positive beyond the near term as well.