THE MAIN trend is DOWN
HOW DOWN? you ask, Good question, thanks for asking
According to ONE very astute Elliottician we can expect the SPX to drop to 704,
and IMO< that should be on a closing basis
That same person has also indicated March 10th as a MULTI Month cycle LOW
SO< now we have March 10th at 704 SPX
________________________________________________
NOTE THE FOLLOWING
ASTRO AGREES with the ABOVE date
IS THAT the END of it ?? you ask, gee another good question
NOT IMO
As mentioned b4, June 13th holds out the potential for a MULTI YEAR LOW
Lets not get too far off the beaten track, but a 9 month rally to March 2010 is very possible
___________________________________________________
OK, now back to the present
From here to March 10th can get CRAZY with MANY daily changes
IF you are an investor- get into Money mkt and stay till June13th
IF you are a trader - STAY TUNED right here for daily UPDATES
more later
Jay
1 comment:
Wouldn't you suggest waiting until later next week for a brief rally before going to cash?
That's my plan. Did something similar between 1/28 @ 2/12.
Thanks
Post a Comment