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To: ajtj99 who wrote (15943)5/25/2008 8:15:12 PM
From: Les H  Respond to of 29597
 
I think by Wednesday or Thursday of this week if it keeps going down. My overall signals would be over 85-90 percent buys by then.



To: ajtj99 who wrote (15943)5/26/2008 5:13:27 PM
From: ajtj99  Respond to of 29597
 
I'm looking at 1360 SPX and 1905 NDX as important areas of support this week. NYA also is only about 1% above decent support as well.

I think we may see a recovery off a low similar to end of October's move on the SPX that took it from 1490 to 1552, only this would be capped by maybe 1410.

Options for June suggest 1400 is likely to be in play around the 2nd Friday in June, and the QQQQ has a similar situation with the 2000 NDX area.


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