dex
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Oct 28, 2003
- Messages
- 5,105
Take a look at the S&P chart.
The July low of 1214 could be tested today or tomorrow.
If it holds it would be a double bottom and if you look a the past Sept low of 1224 (close to 1214) a triple bottom. Showing a strong support level.
Also the VIX is at a recent high of near 30 - a contrary indicator.
A couple of people (e.g. Cramer) says he sees the bottom of the market being the third quarter of next year.
So you might regret getting out around here.
The July low of 1214 could be tested today or tomorrow.
If it holds it would be a double bottom and if you look a the past Sept low of 1224 (close to 1214) a triple bottom. Showing a strong support level.
Also the VIX is at a recent high of near 30 - a contrary indicator.
A couple of people (e.g. Cramer) says he sees the bottom of the market being the third quarter of next year.
So you might regret getting out around here.