93 Trading Days Till New All Time Highs In The S&P 500
Using the Birinyi technical methodology of market "extrapolation", and recreating our "analysis" from last week, we observe that following the micro dip observed yesterday (which happened to be the second largest since late November), the S&P is on track to surpass its all time highs right on schedule: June 27, 2011, or in 93 trading days. This should be just around the time when QE2 ends, and passes the baton to QE3, as neither the unemployment situation, nor the housing double dip will have improved by then. And in the unlikely case that the Fed does not resume QEeasing, the plan seems to be to get the market to its new all time high at the moment when the rug is pulled from underneath it.
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