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Strategies & Market Trends : Waiting for the big Kahuna
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To: Qualified Opinion who wrote (77124)10/21/2007 11:03:08 PM
From: Real Man  Read Replies (2) of 94695
 
The bounce cash price level for SP is 1472, so we have a
bit of down room left. That's close to 200 DMA, even though
the model knows nothing about it, not so unexpected. The market
could reverse above it, and it will give a buy then. -g-
The effective time frame is into mid-November, so the market
could remain volatile a bit longer unless it drops
to that price level soon, kind of expected with
these cross-currents of deteriorating credit market and
the cutting Fed.
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