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Strategies & Market Trends : The coming US dollar crisis
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To: DebtBomb who wrote (26820)2/2/2010 12:06:18 PM
From: LTK0071 Recommendation  Read Replies (1) of 71463
 
Checking further i see we are coming off a major oversold on SPX of McOs -147, so i favor a 50% retrace that would be a retrace into the 1121 area.
Note any failure to reach 1115-1121 before a break below 1070 would indicate Faber's 920 will be realized sooner then we think.Max
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