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Strategies & Market Trends : Ask DrBob

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From: shoreco	11/15/2007 9:47:23 PM
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SPX 1125 by mid 2009...( The bold prediction)... It looks like the mighty rally of 2003 has found it's top... The free money (cashing out home equity, carry trades, b&h) is over... SnP double top... finance.yahoo.com finance.yahoo.com^gspc;range=my;charttype=candlestick;crosshair=on;logscale=off;source=undefined I still think we'll see a year end bounce, but there is major technical damage done on the charts... The Nasdag closed out the March 2000 high @4572, it closed out the September 2002 low @1172. A 50% retrace = 2872 The October 2007 high = 2861 Close enough? Plan ur trade, trade ur plan... finance.yahoo.com^ixic;range=my;charttype=candlestick;crosshair=cross;logscale=on;source=undefined

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