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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: POKERSAM who wrote (69946)3/30/2015 4:20:43 PM
From: FCom777  Read Replies (1) | Respond to of 218568
 
My guess is we retrace 70 to 80% of today's move - 21 to 23 on the SP ... well above the recent low - stabilize somewhat to suck new long money in - before it starts moving south in earnest.

At least that's my sense ... fwiw ...

Out of curiosity, what are you basing your 85% estimate on? Is it a gut number or based on something a bit more quantitative?