Monday, December 01, 2008

Down to 760-70

The drop below 830 means that the market has to go lower, probably to 760-70 before a move to 1000 can develop. 

6 comments:

Unknown said...

Carl, why didn't you present your low for the day earlier in the day. S&P down to 815 now. you said it wouldn't go below 840.

pimaCanyon said...

thanks for the update, Carl. I always appreciate your forecasts. Keep up the good work, and best of luck on your trades.

Anonymous said...

Nate, Carl is doing his best to guess what the price outer boundary for the day will be. Of course, MOST of the time Carl will be wrong but the key is to not lose money when he is wrong! Does that make sense?

Anonymous said...

hey carl
i think we may see 700-680 and then a huge move back towards 1040
there are many oversold readings right now and today was a bit overdone on the selling but still favor 700 then rally

Narayana said...

Carl, did you password protect your chartlist? I can't view it anymore without supplying a Username and Password.

Carl Futia said...

Narayana:

I haven't made any changes that I know of but let me check things out.