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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: ajtj99 who wrote (79339)5/21/2008 7:02:39 PM
From: ajtj99  Read Replies (1) of 116555
 
I believe there is growing evidence we saw a major top for 2008 on the major US indices this week.

If that is the case, the SPX should be headed for 1150 by fall.

Likewise, the NDX should fill all the gaps from this spring plus test the 1447 lows by fall.

Will keep watching as it develops, but this high volume drop today is compelling.
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