Ask DrBob Message Board - Msg: 24973030

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Strategies & Market Trends : Ask DrBob

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To: jkl77™ who wrote (99311)	9/20/2008 3:23:42 PM
From: shadows	of 100058

I suppose none of us know that.Watch the August SnP high of 1310.If that gets taken out then we could have a bullish market for 6 months or so.Not my view,but I never fight the tape.My own feeling is that this rally fails this coming week,and I'll be testing the view between SnP 1260 and 1280.Even if we only retrace half the rally from lows 1133 to 1284(151 points),the SnP target for next Friday is 1200 to 1210.I'll take that! Good trading.

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