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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: zamboz who wrote (18086)3/2/2009 5:46:24 PM
From: ggersh  Read Replies (1) | Respond to of 71456
 
Yes, I've seen PE has become the talk of the town then. IMO the Market by way of trading will decide where it bottoms. If by some means it happens to be at one of those levels, is entirely possible. Could all be chicken before the egg arguement, but capitulation doesn't care what the PE is. BWDIK

fib points versus 1980 SP low are

660.60 - 61.8%
405.81 - 79%

versus 87 low

740 - 61.8%
506 - 79%

My guess is we see 506 at least