I created this chart back in October with the 1220 target based on the May highs. I have to laugh because I didn’t really think we’d hit it. In the interview below with Bob Janjuah (which I highly recommend based on his history of right calls), he considers 1220 to be a critical Fibonacci number. The interview was on Oct 27, 2010 and he thought it would take the S&P a few months to reach the 1220 level.
It took 8 days.
