RE: [RT] sp500

["Mark Simms" <marksimms@xxxxxxxxxxx>]

1089 ? Ouch. Looks like much more mutual fund and 401k plan liquidation coming right up.

Reason: Greedy boomers not likely to want to retire to Tennessee hillbilly shacks.

 

Any chances for a 3 digit S&P 500  (i.e.990 ?)

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From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of Ben
Sent: Friday, February 08, 2008 7:30 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] sp500

Charles,,

yes we did not close under,,

but,,

once penatrated,, means that sooner or later we go under,,

NOT NEXT WEEK!!!

but maybe after next week

first target is 1150 sp

next is 1089

Ben

----- Original Message -----

From: Charlie

To: realtraders@yahoogroups.com

Sent: Friday, February 08, 2008 6:37 PM

Subject: Re: [RT] sp500

definitely tenuous, but while we spiked down thru the 2002-2008 trendline we did not close below

 

do have some lower targets that would be in play if we close below.  a close above 12400 would be encouraging to the bulls

----- Original Message -----

From: Ben

To: realtraders@yahoogroups.com

Sent: Friday, February 08, 2008 2:49 PM

Subject: Re: [RT] sp500

Hello Robert

the  overall picture you are definetely right

we also broke the trendline on weekly bars from 2000!!!!

Ben

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