Earl:
Here is what the SOX looks like to me.
There is still downside pressure being applied to the daily chart and there is
a target price at 1353 for this move down. For a retracement of any
magnitude to start price would have to go through 1440 and then the first
price objective would be 1491. There are two shorter cycles at
work here that could come into play today because price is over
extended. One has an entry price at 1404 with a target price at 1451 and
the other has an entry price at 1419 with a target price at 1507. There
are intermediate price objectives involved here, but this is the overall look
at things.
----- Original Message -----
Sent: Wednesday, January 09, 2008 6:02
AM
Subject: [RT] SPX
See attached chart of SPX. 1374 and 1356+-
are targets which stand out for me. Ultimately, I think we go considerably
lower.
Earl
Hello
1381 is max pain
or 1391 on sp futures
close up 1405-1407
close in 2-4 days 1450-1470
Ben
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