update

1. spx

spx has made a new high and yday closed above previous day.is there a reason to short.? absolutely no.

spx is on track, is showing loads of strength, is trending well, has made a new high.

i see and cannot understand the need to short.any expectancy of terminal wave is totally flawed and needs significant correction.

my target still remains 1375+.i think spx has a base near 1115 or so.

2. crude

looks good. the great indian investor rakesh jhunjhunwala says crude shouldnot go much above 75-80, and he is a great great trader-investor , but i still think crude will hit 100 plus

3. indian equity-sensex

looks good only.coal india is 350+. gitanjali is 350, chambal made a new high, jubiliant foodworks has started moving.idbi is 195.

what next?

higher levels are coming and some sort of reaction now will only devolop from 6500+ range

like a number of stocks: ge shipping, mrpl,pnb, idfc,icicibank,jet air,jp associates,obc, karnataka bank.

in next update i ll try and post stocks with targets.