Isn't it premature to talk about what kind of upside there might be once the next decline is completed?
Zeev, in your post # 324335 you say: ".... but there are only so many days the EPC can brush with .5 (after an excursion to .4) without starting a solid down trend. Mind you, in the last 10 trading days, only once has the EPC been above .6 (and not by much, on 11/12), thus my guess is that tomorrow, if we get a squeeze up, the bear suit is probably being rezipped for a little while, counter the traditional seasonal strength."
Then in post # 324825 you see the downside here rather contained: "... Only because the nature of the beast is that former resistance often becomes support, it is quite possible that the more recent highs of April and June (in the 1130/40 area) would be a better support for the SPX. The Naz may not do the "whole" trip to 2000, 2020/25 and maybe as high as 2050 were minor overhead resistances and could serve as support."
I mean, we could be at 2050 by Monday if the day is weak, you really think that could already be all down we get?
With such a string of EPC extremes, if not the beginning of a downtrend is at hand, isn't there a more extended correction more likely than a rather shallow one?
Regards,
Market Data 
Markets 
AI
