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

To: Perspective who wrote (1922)	10/13/2008 5:30:57 PM
From: morokko65	Respond to of 3209

Added a small amount of USPIX (NDX 2x Inverse) at today's close. Gap around 1470 on the NDX, and 50% retrace on this last wave down is 1484, so that may be the first corrective targets, after that is the september spike low of $1606 or 1052 on the SPX and the 1133 spike low in mid sept, after that is 1200... I think we eventually go back to 1994-1995 congestion area on the SPX in the 450-500 range, that's when bank reserve rules were loosened up, and my employer starting doing High LTV subprime seconds in earnest. I think we need to retrace the whole lending party. also corresponds with the origins of Freddie & Fannie boom