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wig · 10-27-2004

Re; S&P.... I am sort of picking the low here in the equities and, like you, need to see a few things to confirm it. As long as we do not close the month below 9852/DJIA, 1077/SPZ and 1360/NQZ I will have a pretty good monthly signal that this is a low and not a breakdown.

Also, a SPZ can close above 1114.90 on Oct 29th it will generate a powerful reversal pattern for me, also signaling a bottom.

10-27-2004	#15
wig Members Join Date: Oct 2002 Posts: 1,248	Re; S&P.... I am sort of picking the low here in the equities and, like you, need to see a few things to confirm it. As long as we do not close the month below 9852/DJIA, 1077/SPZ and 1360/NQZ I will have a pretty good monthly signal that this is a low and not a breakdown. Also, a SPZ can close above 1114.90 on Oct 29th it will generate a powerful reversal pattern for me, also signaling a bottom.