ajit99,
Your post is below. Your targets are also below mine. The nas is pretty close. After some analysis I realized my NDX targets were not in line with the rest. I calculated a 2% drop from todays lows and the rest are near the low end of my targets, but my NDX needs to be lowered to 879 to be equivalent to the rest. That gets it fairly close to your upper.
As far as your SOX, if we were to get to 300, which by the way I do not rule out in any way shape or form, the nas would be lower than your low figure. Best guess is in the neighborhood of 1072-1100.
What is the timeframe you expect these your targets. Mine were all for this week. Perhaps you are looking past this decline and bounce should it ever happen and to the next decline.
Excellent prediction on the NDX close today by the way. Great work. I am bullish, but wanting a stellar entry for these monies so am in a strange postion of wanting the markets to tank so I get my prices. Despite that negative hope/outlook I didn't see us getting there today.
Good luck,
STeve
Steve, the targets I'm looking at as possible lows are:
COMP: 1197/1167
NDX: 860/820
SPX: 733
SOXX: 300
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