Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: AllansAlias who wrote (1935)	10/24/2008 2:51:33 PM
From: Perspective	of 3209

Yah know, the more I look at this, the more I think that SPX 1000 is going to cap the market for years to come. This iv may probe it (11/08), and then the 4 to follow (2/09), and then an "A" (1/2010) and a "C" to follow that (1/2012). Depends on how low we get on this initial motive wave. If we get lower, the old 950 neckline could be the line in the sand. I'm still sketching charts. When I get some I like, I'll make pretty pix or scan. Bottom line remains that I think the big "C" - or the big "3", whichever it proves to be - needs to retest the 2002 lows all around - and a scary retest it must be. (SPX 750) Then we can set up a 6-12 week rally to match March-April. `BC

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