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


To: SouthFloridaGuy who wrote (87824)10/6/2008 9:09:23 PM
From: ajtj99  Read Replies (1) | Respond to of 116555
 
I would still like to see a spike low Wednesday to 944-960 SPX and maybe 9100 Dow. We're pretty much there, however, at today's intra-day lows (9525 Dow and 1008 SPX).

I'm looking for a bounce to 1176-1200 SPX by early December off a low.

NDX 1302 is another level I'm watching as well as 1750 COMP.



To: SouthFloridaGuy who wrote (87824)10/6/2008 11:29:32 PM
From: Paul Kern  Read Replies (1) | Respond to of 116555
 
'd rather use the S&P due to its breadth. Bloomberg has a function called TRADPAUS (stocks under 200 day MA) which I like to use to at least signify short-term bottoms. On Friday it was the lowest I had ever seen - something like 12% of stocks above 200 day Moving Average.

It's $SPXA200R on stockcharts.com. They have it at 9% today.