While this last leg down in the equity markets has taken a longer path than I had anticipated, I still remain firm in my view that there will be one more push lower before the next major leg up will begin.
The target of 1409-1412 on the S&P 500 comes up again and again in my work on all different time frames, so keep a close eye on this level.
The word for now remain CAUTION!
Tuesday, September 11, 2007
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