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Strategies & Market Trends : The coming US dollar crisis
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From: LTK0075/21/2008 4:04:46 PM
  Read Replies (2) of 71456
 
Step one in my IMO criteria for SPX has been met today.
<<From: max90 5/21/2008 11:42:45 AM
of 7610

SPX opinion: IF there is a clear break and close below 1400 with a down day on the next day the
SPX would CLEARLY be out of its uptrend Bull Channel that i have drawn from date of 3/17/2008 and thus we can say the Bull Phase is over, and its high of that phase of 1440 is then a major resistance.
A break below 1373 would signal we go and test 1337.
These are ONLY criteria that need be met.
As of now(11.42am) these criteria have in no way been met.Max >>
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