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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: jjstingray who wrote (69962)	3/30/2003 7:41:07 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

If SPX declines below 859 – the low of the (likely) wave 4 of the recent rally – that would tend to confirm that the impulse up was already completed. 854 is the 38.2% retracement... 842 is 50%. 829 is the 62% retracement - a move below this level threatens the short-term bullish case and makes it more likely that the rally is over. Also, FWIW, Onischka is bullish up towards 930, but is keeping an eye on 829, below which it seems he is prepared to change his mind: 216.239.37.120