SPX 1285 Target Still in Tact
#1
Posted 26 March 2008 - 06:52 PM
#2
Posted 26 March 2008 - 08:59 PM
Tomorrow should be the biggest down day of what I believe is a 'b' wave of an a-b-c up wave into April 3. The low could should come between the cycle window of mid session Friday to mid session Monday with the ideal being early Monday. Tomorrow should tag near 1300 SPX or down about 40 points on the day.
I'm beginning to believe that we go no higher than the 1380/90 area next week and the OEX 640ish area. An important bottom is due around April 14/15 near 1219/20 SPX. I'm looking for 1429 by early/mid May and 1170 by late June.
Taking one step at a time, my stuff is targeting 1290 on 3/31 which is in good agreement with your analysis.
#3
Posted 27 March 2008 - 01:14 PM
Tomorrow should be the biggest down day of what I believe is a 'b' wave of an a-b-c up wave into April 3. The low could should come between the cycle window of mid session Friday to mid session Monday with the ideal being early Monday. Tomorrow should tag near 1300 SPX or down about 40 points on the day.
I'm beginning to believe that we go no higher than the 1380/90 area next week and the OEX 640ish area. An important bottom is due around April 14/15 near 1219/20 SPX. I'm looking for 1429 by early/mid May and 1170 by late June.
Taking one step at a time, my stuff is targeting 1290 on 3/31 which is in good agreement with your analysis.
I agree. If Monday is the bottom of this current selling, then 1290 SPX is likely target.










