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Replies to post #121427 on ajtj99's Market Pulse

Replies to #121427 on ajtj99's Market Pulse
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ItsAllCyclical

07/01/08 12:07 PM

#121429 RE: ajtj99 #121427

Guess not. Thanks for the clarification. I'm guessing you find equity only to be a better predictor for IT bottoms vs the overall number?
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ajtj99

07/01/08 12:21 PM

#121432 RE: ajtj99 #121427

We are coming up on some circuit breakers soon in the SPX and NDX. The SPX 1256.98 March low is within 7-points here, and the NDX gap at about 1805 is also within range. I anticipate the NDX will be subordinate to the SPX here. However, there is a chance the SPX will be subordinate to the NYA test of 8400, which is another 1.5% below where it is right now.