Wednesday, November 19, 2008

SPX Cracking Fresh new Lows and Breaks The Triangle: Target 600


5 comments:

Phantasmix said...

Can you estimate a timeframe here? would you say we can have that rally literally EVERYONE is expecting (eye roll) first?

Stewie said...

could come as early as late feb.

Anonymous said...

what makes you say 600 stewie. some sort of support there or somthing.

Stewie said...

the pattern could eventually get to 600 but we have a major pit stop at 775(the 2002 Bear market lows). 600 is the measurment of the breakdown pattern.

Adam said...

600 also corresponds to a 61.8% fibonacci retracement.

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