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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 691.72-0.1%Jan 16 4:00 PM EST
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To: Logain Ablar who wrote (44851)6/12/2008 10:49:36 AM
From: Return to Sender  Read Replies (1) of 69822
 
This reminds me of the March bottom in 2003. I don't think we are at the bottom yet but when we get it just like in March of 2003 we should be off to the races for an extended period of time. Look at the similarities. The bottom in October 2002 was preceded by high volume. The bottom in March lower volume and a higher low. I expect the same this time around as we form another cyclical bottom shown here using the S&P 500:



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