Monday, April 07, 2008

April 7th turn

That was enuf to set the next day to down

Using the fib ratios we can expect a minum of 46 spx points to a max of 74pts loss on or before the 10th.

Thats only if the wave is making a "b" wave against the 2nd wave retracement to 1400/1410 by April22nd.

IF by some chance wave 2 is finished , then the drop could be more substantial, and might even test the previous low, but we will have to watch and see what we get the next 3 days.

Best Wishes
Jay

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