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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (7045)5/7/2008 10:03:47 AM
From: Real Man  Respond to of 71454
 
Hard to say. The next big level is 1454.20 for SP500, which
is a Fibonacci retracement of the current drop. However, a
decline below 1400-1405 could cause the drop right now - that
would be an "overshoot". Put a lot of whipsaw on top. -ggg-



To: Giordano Bruno who wrote (7045)5/7/2008 10:05:02 AM
From: Real Man  Read Replies (1) | Respond to of 71454
 
Hard to say. The next big level is 1454.20 for SP500, which
is a Fibonacci retracement of the current drop. However, a
decline below 1400-1405 could cause the drop right now - that
would be an "overshoot". Then there is 200MA for a few indexes.
Put a lot of whipsaw on top and May options expiration. -ggg-


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