The neckline is roughly 1000 or the 1998/2001 bottoms. 987 + 1000 = 1987 the year of the big crash. We can' get above the SnP 1998 lows with any force (left shoulder), remembering of course that year the market tanked (asian flue) only to come back big time on the Y2k boom which was the head....So we are trying to recover on this right shoulder (the 9/11 terror)..but..No such capital spending boom is coming on the horizon now. The economy is weak, lipid, with rates rising, the consumer may not be able to kick with any spending, he has now been usurped and transferred to government now, the purchaser of last resort, and they lack a real impetus that will drive capital spending higher. The damn terrorists saw to that; the government is forcing them to spending BILLIONS tracking them down and killing them, instead of equipping our schools and homes with high speed fiber links. Things are dead, and stagnate. Its all 100% the fault of these terrorists! The rotten ^#^#^#^@%@%@! I can understand why Bush said - Bring it on. At least we have the scum of the earth all localized in IRAQ now, rather than roaming the streets here.
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