The game plan might very well be to take SPX to 1400, but it's best to take it one day at a time. The December 2000 high of 1389.05 marked a critical event, the beginning of a confirmed bear market with a close below the 20 month MA. If they ramp it up here, it could be significant and set up SPX 1450.
This entry was posted
on Thursday, October 26, 2006 at 12:45 PM.
