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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (102162)	9/18/2009 12:27:17 AM
From: mishedlo	Respond to of 116555

You are correct that it is within retracement levels something I was aware of. The question is what are we retracing? The entire decline was one possibility. Another possibility (but not anymore was the waterfall plunge from 1250. Er have exceeded normal retracement levels for that. 50% is also a possibility now, leaving room for the S&P but I think the Nas is right about there now. Do not have a chart in front of me now to confirm. Mish