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Downside Target SPX 1472 (projection)


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#1 beta

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Posted 11 May 2007 - 12:44 AM

Based on today's price/volume action, Im looking for SPX 1472 in the next 1-5 days. My volume indicators also project upside targets of QID 49.6-50, and SDS 54.6. All of this suggests that we are half-way thru the down move. Beyond SPX 1472 will have to re-evaluate based on how we get there. (Caveat: my indicators work best with individual equities, and are less reliable for index derivatives.) Good to see hungry bears eat for a change, but too early to say 'game over' for the bullz ! :rolleyes:
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#2 thespookyone

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Posted 11 May 2007 - 08:14 AM

Think 1460, then see if that holds.