Roger,
There are signs that a "base" of some sort is forming. The question at the present is it a "running top" base or a "running bottom" base.
Only time will tell for sure, but IMO it is looking more like a bottom build for a IT run up.
It will have wild swings, "dead cat bounces" but I think the bias will be upward. You might get your 1000PT on the DOW. I'm thinking we get to 1005, test back 920-930 breakout, then we might get "T's" 1050ish. Then the 695 lower leg.
mss
Below are 4 charts that are updated as of 12/19/08. They will not auto-update. I will not post any update of these till next year
at least not till second week. A picture is worth a 1000 words, a chart is worth ???[attachment=9143:NYA_12_19_08.png]
[attachment=9144:VLE_12_19_08.png]
[attachment=9145:SPX_12_19_08.png]
[attachment=9146:B_S_12_19_08.png]
mss
