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Non-Tech : Raptor's Den

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To: dvm690 who wrote (8984)3/18/2003 8:20:39 PM
From: lifeisgood  Read Replies (1) of 10157
 
SPX 800 will not be breached again this year.

Not only will it be "breached", it will be taken out decisively by anywhere from 15 - 25%. And, I am betting my money on that. Longs will pray that the market returns to the October lows before this year ends.

Yes, this will be a 4th down year and yes all the permabulls will be wrong again. The market will turn upward in a sustained fashion if and when everyone quits calling the bottom. Not until then.

best...

LIG
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