John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (9691)	7/15/2008 11:40:19 AM
From: ajtj99	Read Replies (4) of 33421

The market low for this month (and next) should come at about 9:45AM on Thursday, July 24 according to my current models. SPX 1076 is the sweet spot for such low, but 1070-1080 is just fine with me. Margin calls should kick in later this week, and the good, bad, and ugly should all get sold. There should be about a 6.4% range from the low to the high on the day the low hits, and we should close on the highs that day. All just by my models, and just for discussion right now. That will not be the yearly low, but very close to it.

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