Monday, February 23, 2009

Why 1997 lows?

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. :-)

SPXMonthly

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3 comments:

  1. PaulFebruary 24, 2009 at 12:04 AM

    Thanks for all your great charts and commentary. Great site!

    ReplyDelete
  2. AnonymousFebruary 24, 2009 at 12:41 AM

    IT'S BASE ON SPX P/E ANTICIPATE
    NOT ON CHARTS FOR 600

    ReplyDelete
  3. CobraFebruary 24, 2009 at 12:54 AM

    Thanks. Got you. Show you an interesting chart in another post.

    ReplyDelete