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Strategies & Market Trends : Raptor's Den II -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (1371)	10/30/2003 7:32:53 PM
From: SwampDogg	Respond to of 3432

Looking at a 78.2% retrace from the highs of early 2002, I come up with 1087-1088 on the SPX. An overthrow above the trading range out of the March lows to this area would not be a surprise. Same $DOW retrace would be just over 9900. Perhaps we sell off slightly tomorrow and then rally next week to finish this off. I am short already a couple of techs that look like they topped a week ago so I wouldn't mind if this broke down right here but we may have a little more to go. Either way, this is about to get interesting.