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Post# of 37180
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Namiar

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Namiar

Re: was Steve post# 36163

Friday, 10/24/2008 2:03:57 PM

Friday, October 24, 2008 2:03:57 PM

Post# of 37180
Todays action not looking good.

Although I trade via the NDX, I use the SPX as a proxy for assessing bottoms.

The intraday low on Oct 10th was about 840. Looks like a retest is still on the table. Currently sitting about 860.

If it doesn't hold, then we've got another leg down to contend with.

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