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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (1897)	10/9/2008 4:22:01 PM
From: jjstingray	Read Replies (1) \| Respond to of 3209

The original target was 800 on the S&P, that target appears to be too high if we still have the v of 3 and then the 5 to come, no?

To: AllansAlias who wrote (1897)	10/9/2008 4:43:18 PM
From: skinowski	Read Replies (2) \| Respond to of 3209

iii of 3 will end soon There seems to be a cluster of SPX Fibo levels between here and about 890, including the 84% retracement of the 2002 - 2007 bull market. We closed today near the level where the decline of the recent couple of months equals 162% of the leg from May to July. There are others - like, the entire decline since May equals about 162% of the Wave 1 - the one from last October to March. Nice place for a break -- the old saw to "Buy Yom Kippur" may still work out here... more or less... g/ng