For the very broadly-based Wilshire index, it's already rallied into "the zone of the prior fourth wave of one lesser degree" -- most of the action for March 1. The top of that, 14300, is obvious resistance, plus most of the day on February 28 was spent in that area. If there is more downside to come, we've already done enough in terms of price and time for a decent corrective move.
Doug
Edited by PorkLoin, 08 March 2007 - 11:14 AM.