bid offer vols look spectacular for massive ru, page-5

SPX will rise tonight. Expect it to somehow interpret whatever the fed does as good news. The fed will leave interest rates on hold and this will be used as an impramature for a rise in the major indexes. Expect the run up to continue until it gets towards the 1,540 level again, where nervousness will set in. If it doesn't get above 1,530 in this run up (lasts about 8 days) the correction (a serious one) would be on the cards. We are looking for a new high to put the bulls back in charge for a few more years.... and it should be a few more years. SPX just hasn't had enough growth to keep up with US economy in the last ten years, so its due to outperform.