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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (151793)10/2/2007 12:53:41 PM
From: skinowski   of 209892
 
'cept when it's a 'b' -ng

Precisely. And for as long as SPX did not make new highs, the entire rally in that index since August may still prove to be corrective. There is a big difference - if there will be a meaningful decline after having made new highs, it should stall in the area of March and August lows. If there will be NO new highs, then the door remains open for a possible trend change.

1556 is what? about 14 points away... An interesting and important juncture.
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