Good chart, thank you. My long-term trendline
on SPX is at 1415 and it's going to be interesting to see how price reacts
when it gets there.
BTW, I was shocked to see some very bullish
divergences in my NYSE (attached) and NASDAQ Breadth
models.
Earl
Earl,
Looks like we are basically on the same page!! Below is an e-mail
I sent Ben back on 12/31/07. Thought process looks pretty much the same:
In a message dated 12/31/2007 5:32:08 P.M. Eastern Standard Time, ROSOW
writes:
Hi Ben!! Up in MA/CT for 2 weeks and just catching up on e-mails!!
Attached is my take on the S&P 500 daily chart. I'll try to get to
the Weekly by next week. E-wave speaking it looks like we have finished a
Wave (1) down move in late November. We have either
completed wave (2) up in mid December or are still completing a
larger ABC Wave (2) up. At this time minor wave 3 targets
1345 and Intermediate wave 3 targets 1230. See attached!
Lenny
In a message dated 1/9/2008 9:03:09 A.M. Eastern Standard Time,
eadamy@xxxxxxxxxcom writes:
See attached chart of SPX. 1374 and 1356+-
are targets which stand out for me. Ultimately, I think we go considerably
lower.
Earl