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Probably at least SPX 944-960 on Fib's taking it back to March 12, 2003 lows.
October usually doesn't have shallow corrections when they occur.
The US Dollar still sliding to the 81 level. Not good for the US Market in General.
jnk1997 <jnk1997@xxxxxxxxx> wrote:
In reference to the current state of the markets, prior pullbacks, and calculations with Fib's and reverse RSI, possible reversal points on the markets appear to be:(approx)Dow 9173S&P 981Nas 1756Comments or your input?RegardsJim--- In amibroker@xxxxxxxxxxxxxxx, "jnk1997" <jnk1997@xxxx> wrote:> Hello all,> > I know this is not AFL formula related but bear with me and please > share your thoughts. > > I went "all cash" in my trading account during Thusdays rally in > order to protect substantial profits.> > Most of my Amibroker indicators (and a few "custom" indicators) are > telling me the Markets headed flat to down.> > All the TV Stock show "Talking Heads" this (saturday) morning have > their "rally hats"
on, including a noted chartist (Gary Smith - has > been wrong before, as we all have).> > Am I "out to lunch" here or are many of you seeing what I am seeing > in the charts (Dow, S & P and Nasdaq)?Send BUG REPORTS to bugs@xxxxxxxxxxxxxSend SUGGESTIONS to suggest@xxxxxxxxxxxxx-----------------------------------------Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx (Web page: http://groups.yahoo.com/group/amiquote/messages/)--------------------------------------------Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
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