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

To: Seismo who wrote (77588)	1/5/2016 12:30:26 PM
From: GROUND ZERO™	1 Recommendation Recommended By John Read Replies (2) \| Respond to of 218713

That's fair enough... so, the DOW down to a possible 10800 and the SP down to about 1275, that would be a 40% drop... that would be great, now we have something to shoot for!!! Thanks...<g> GZ

To: Seismo who wrote (77588)	1/5/2016 1:24:54 PM
From: Hank Scorpio	Read Replies (1) \| Respond to of 218713

I am interested to know how you derive an average decline of 40% in the S&P. I would be in the 25% camp myself, for an average. FWIW, I think if we get to the 1550 area we're probably looking at making a significant bottom. Maybe not THE bottom, you can never know that for sure, but the chart just screams 1550. So my bias is bearish both longer term and near term, but with the 65 min. nicely oversold, 20-40 S&P points would not surprise me at all. Are you thinking new bear market?