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Reviewing the forecast from last week the customized WinMidas approach using
cumulative volume had trading highs for the SPX on Friday and for the DJIA on
Monday. As of the close on Wednesday both have essentially hit their first
anticipated support. Using 980622 for the last support launch has 9077.60 as
an initial support target or taking the nearby launch point on 980616 support
would be 9023.95. If this support does not hold, then the next one down is
8730. Details on the technique are available at http://www.winmidas.com.(no
affiliation just curiosity).
BobR
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