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The New DU. Reply #27: SPX...ABSOLUTELY CRUCIAL TIME HERE....
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masmdu
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Wed Aug-06-03 02:09 PM
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| 27. SPX...ABSOLUTELY CRUCIAL TIME HERE.... |
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The SPX is testing the bottom of the range it's been in for a while now 960.
If 960-950 (a spike low to as low as 942) gives way then we will see a huge decline between now and the first weeks of 2004...30%-35%.
If, however, the SPX can retake 985-95 then expect the upper range of 1015 to be broken on the way to 1065 and then a NEW BULL with a rise of about 50%!!! to 1500.
Today and the next few day are CRUCIAL and will point the path for months to come.
(as always this is my own reading on the market. please do not use my reading as trding advice.)
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