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Namiar

10/24/08 2:03 PM

#36164 RE: was Steve #36163

Todays action not looking good.

Although I trade via the NDX, I use the SPX as a proxy for assessing bottoms.

The intraday low on Oct 10th was about 840. Looks like a retest is still on the table. Currently sitting about 860.

If it doesn't hold, then we've got another leg down to contend with.