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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (198476)4/27/2009 7:10:08 PM
From: ajtj99Read Replies (2) | Respond to of 306849
 
Looking at monthly charts, it would seem to make the most sense to move up to 8600 Dow and 918 SPX by around May 11, then drop to 7750 Dow / 827 SPX. After that, another test of the 775 area, then a slow grind to re-test the 2009 lows and take them out by Oct/Nov this fall on the way to 600 SPX.

Op-Ex is early in May, so we'd have to dump into the 15th if we had a high on the 11th.



To: Galirayo who wrote (198476)4/27/2009 7:10:53 PM
From: ajtj99Read Replies (1) | Respond to of 306849
 
Patterns I'm seeing in the daily SPX, COMP, and NDX charts suggest 2-more weeks, and the rally is over, with most of the remainder of the move coming after CSCO next week.

The COMP looks like it may reach 1785.

The Fed is meeting April 28-29 (tomorrow and Wednesday). I doubt they'll announce anything earth shattering.


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