will you post a revised roadmap now 1940 is decidedly breached on a closing basis ? would we have a similar path to spring/summer of 2002 ? (that one was brutal to say the least).
actually the warning shots were fired couple days ago when the new lows on comp started to expand. my thought is, many stocks, esp the smallcaps already ran up a lot in May 2003 from the extreme low in March 2003. we wouldn't see any expansion of new lows until we get to late April, early May, due to that fact. Now many stocks have corrected some 30-40% from their January peak, they are only 10-20-30% above May 2003 level. once the new lows expand, the breadth picture quickly deteriates.
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