12 replies to this topic

[mss]

This is not looking good, 695 -700 looks to be in the cardes in a few weeks. Suggesting a new down sloping channel, not a "bull flag".

http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=1&mn=0&dy=0&i=p16789144079&a=155481024&r=2573.png

[mss]

This is not looking good, 695 -700 looks to be in the cards in a few weeks. Suggesting a new down sloping channel, not a "bull flag".

http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=1&mn=0&dy=0&i=p16789144079&a=155481024&r=2573.png

I guess 6 weeks is in fact a FEW weeks. May very well get a lot worse.
Be careful,
mss

[mss]

It appears that we in fact have a ST bottom forming, or in place, with a upside target of 850. We might even get a push to 943, anything after that would be hard to forecast at this time. A retest of 803ish is very likely but not needed. All IMVHO and in the fullness of time blah-blah. All charts have been updated for viewing trend. mss ps: the blah-blah is for RD

Edited by mss, 28 March 2009 - 06:18 PM.