going to 1077 on the s&p500

dotslashfuture · May 28, 2003

dotslashfuture · May 28, 2003

I think we are looking at a major breakout, followed by about a 50% retracement during the summer.

indahook · May 28, 2003

Quote from dotslashfuture:

I think we are looking at a major breakout, followed by about a 50% retracement during the summer.

Well major would be an understatement if it did that.

dotslashfuture · May 28, 2003

yes, major.

Jesse J. · May 28, 2003

there's NO chance in hell that the S&P rises to that.

NO chance.

indahook · May 28, 2003

So your saying that the S+P is going to rise over 120 points in a few weeks? And then retrace to 538.5 by the end of summertime? oh boy......pass that thing over here Bro....I need a puff of what your smoking

dotslashfuture · May 28, 2003

no I didn't say that.

I said 50% RETRACEMENT, not 50% drop in value.

indahook · May 28, 2003

Quote from dotslashfuture:

no I didn't say that.

I said 50% RETRACEMENT, not 50% drop in value.

OK, then what is 50% retracement from 1077?

dotslashfuture · May 28, 2003

I figure this bull move started mid-march. So the bull run is from that point to 1077. Then it will retrace roughly 50% of that move.

range · May 28, 2003

never say never