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October will feel like the crash....


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#1 eminimee

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Posted 02 March 2007 - 09:39 AM

Short term....I still think abc up to the 652/56 area for B...provided we can get a daily close above spx 1405.

...then down to 616 area....spx bottoms when oex bottoms.....

then a magnificant rally into Sept..........a wave 4 correction into oct/nov is going to feel like a crash....but bullish aftermath. 2 charts

http://stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=1&mn=4&dy=0&i=p63268047358&a=87693315&r=9290.png

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=8&mn=0&dy=0&i=p55496770924&a=99807757&r=5841.png

#2 greenie

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Posted 02 March 2007 - 09:46 AM

Is there something in the air that gets everyone tempted to predict a crash?? :D :D

Edited by greenie, 02 March 2007 - 09:46 AM.

It is not the doing that is difficult, but the knowing


It's the illiquidity, stupid !

#3 eminimee

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Posted 02 March 2007 - 10:06 AM

...there's a difference....I said...."feel like a crash"