OK, someone asks for why I said SPX may test 1997 lows in today's report? It's just a guess, since 741 is not far away and I believe Mr market needs something more scary. :-) Also from the chart, some serious supports are around 400. Why lots people say 600? I don't see much support around 600. :-)
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Thanks for all your great charts and commentary. Great site!
ReplyDeleteIT'S BASE ON SPX P/E ANTICIPATE
ReplyDeleteNOT ON CHARTS FOR 600
Thanks. Got you. Show you an interesting chart in another post.
ReplyDelete