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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (33682)10/9/2008 8:14:57 PM
From: Andeveron  Read Replies (1) | Respond to of 208262
 
Based on the trajectory and velocity of the move, we could hit SPX 691 by next Wednesday and overshoot that by 100 points by Friday.



To: Investor2 who wrote (33682)10/9/2008 9:38:13 PM
From: bearshark  Respond to of 208262
 
That's why a lower low than the 2002-2003 bottom wouldn't surprise me. One could even apply the ratio of 62.34/72.25 to the 800.58 low in 2002 to come up with an S&P 500
low for this current bear market of S&P = 691.

Thanks for the chart. Let's hope that doesn't happen. However, it just might.



To: Investor2 who wrote (33682)3/5/2009 5:56:14 PM
From: bearshark  Read Replies (1) | Respond to of 208262
 
I2:

One could even apply the ratio of 62.34/72.25 to the 800.58 low in 2002 to come up with an S&P 500 low for this current bear market of S&P = 691.

One could and the market did.


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