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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (25942)	2/10/2003 1:57:10 AM
From: bramble88	Read Replies (1) \| Respond to of 57110

SPX: Agreed that some sort of bounce appears imminent here too, for all the good reasons that you have provided. But as to timing, note this: The SPX forms a H&S spreading from mid-October into January, with a confirming breach of the neckline in mid-January. A conservative calculation of the implied minimum drop points to 815 or less (using closing values for height of head and for neckline level). SPX 810-815 also happens to have been a temporary inflexion point in late September/early October. Could it be that we see this again before a bounce?