Replies to post #4868 on *~1Best~* Market Timing & Trend-Signals

[was greenstreet]

1Best, Is it a good assumption that it will take several months to grind to the lows of the projected correction bottoms?

[*~1Best~*]

As of today, SPX 1275 correction target is met and I am seeing major support actions by the Fed and the Gov. I think that the market will trade up for the next few months at the IT supports.

AAPL and TXN earning reports in AH.




http://www.cnbc.com/id/22785666

There is no quick cure for what ails the U.S. and global economies, but if the Federal Reserve's emergency interest rate cut Tuesday can instill some confidence among consumers, companies and investors, it may speed a recovery.