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[maineman]

I am still long from this summer's decline to the SMA 200. Now it gets interesting. I've brought this old trading concept up several times here before. If you look at the range as being in a "box" (as opposed to trend lines) you will see that for most of 2007 the SPX has been in a sideways "box" of about 150 points, roughly 1400 to 1550. Classic trading theory tells us that if we close OUTSIDE that box, then the odds are good we'll take a trip equal to the width of the box. (In this case around 1700 give or take...) So it's going to be key to watch the close for the next few days. FWIW the OEX Is already above its upper box, but has yet to close there.... another old tid bit is that when the OEX leads, things are good... mm

[jack]

thx MM got my popcorn watchin' the box