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chris3403

03/07/06 1:49 PM

#18711 RE: airedale88 #18710

airedale88 Wouldn't this be too soon for a 10wk low for the Indexes and isn't this sell off bearish?
Thanks,
chris
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Rebelman

03/07/06 2:21 PM

#18712 RE: airedale88 #18710

Aire-- I think your scaling in will look very good in a few days, but I will wait till tomorrow before getting long!! The decliners/ advancers look very bearish to me right now, of course that could change before the close. I have a turn date of March 9 & a minor Bradley on 3/8. Also looking at lower targets for the S&P,if your 1272 does not hold. Maybe 1260 will hold.

NYSE Nasdaq
Advances 782 (23%) 835 (27%)
Declines 2402 (72%) 2118 (68%)
Unchanged 131 (3%) 123 (3%)

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Up Vol* 346 (24%) 296 (22%)
Down Vol* 1066 (74%) 996 (76%)
Unch. Vol* 11 (0%) 7 (0%)

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mrusa1992

03/07/06 3:39 PM

#18720 RE: airedale88 #18710

strong SPX support 1270, note support zone on chart in middle of page:

http://tinyurl.com/nr5op

this aligns with target for this cyclic low.