Wednesday, November 19, 2008

Looking for 775

The market broke below what I thought would be support at 840 this morning. I think it will reach 775 or so and then begin a rally back above the 1000 level.  The October 2002 low was 767.50 in the futures while the March 2003 low was 788.50. 
 

10 Comments:

Anonymous Anonymous said...

what happens if it goes below 767?

carlos

11/19/2008 04:32:00 PM  
Anonymous Anonymous said...

This post has been removed by a blog administrator.

11/19/2008 05:07:00 PM  
Anonymous Anonymous said...

how can you be so certain?

11/19/2008 06:44:00 PM  
Blogger Fang Dog said...

Carl,

Can you add timeframes? We all know we will see SPX 1000 but when?

Scott

11/19/2008 06:50:00 PM  
Blogger Fang Dog said...

When will we hit SPX 1000?

Scott

11/19/2008 07:43:00 PM  
Anonymous Anonymous said...

Carl,
you seriously think it will rally to 1000? i hope you dont lower your target to 950 and then to 900 afterwards as market keeps going down?

11/19/2008 07:52:00 PM  
Anonymous Anonymous said...

Hi Carl:

As long as everyone and their grand-mother is looking for a rally, we will not have one.

I agree w/ Catherine, things will quickly fall apart under 800 ES.

Rick B

11/19/2008 10:38:00 PM  
Blogger Narayana said...

That's three bloggers expecting 775 to hold. I wonder if Xtrends is going to be right after all.

11/19/2008 10:41:00 PM  
Anonymous Anonymous said...

I caught the knife at eod. Any %'s on a turn at 775.

11/20/2008 02:41:00 AM  
Anonymous Dennis Patterson said...

Podcast with Louise Yamada on Bloomberg:http://www.bloomberg.com/tvradio/podcast/surveillance.html

11/20/2008 06:37:00 AM  

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