There is a date deviation between the DOW HIT list lows being reached or exceeded by the end of October '03, and that of the projected July 16th 6000 target (nearly 3 1/2 months). Is it safe to assume the July 16th date is the primary driver, with some DOW components just lagging into the October time frame (while others "HIT" by July 16th) to achieve their respective targets?
I guess the key is what happens between the middle of July and the end of October with your outlook; if its up sharply I would think those targets should have been met or approched by July 16th, if its just market "chop" along with some seasonal October weakness then I can see the reason for the buffer...Or perhaps it's up to near October, from the July lows, then down for a retest in October, bringing with it some DOW components along to their targets that didn't participate in the DOWn fun near the middle of July.
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