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 !
Downside Target SPX 1472 (projection)
Started by
beta
, May 11 2007 12:44 AM
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