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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: andiron who wrote (67150)	8/3/2007 5:17:51 PM
From: LTK007	Read Replies (1) \| Respond to of 116555

Just one whisper, no more:)Today indicates this market WANTS to keep going down, as it gave back virtually to more than everything that was gained in BUT 34 suspicious minutes at close Wednesday, depending on the index in question. Key point, IF, and only IF, SPX were to close one day below 1363 we have a trend reversal. We have gone year after year with Higher Highs and Higher LOWS on SPX. A close below 1363 would break that pattern. And would indicate All The Kings Horses and ALL THE KING'S MEN have lost and a bear market pattern of lower lows and lower highs is locking in. Max