HBG, I agree. Looking at the SPX montly chart I think a stop at 1310 is reasonable atm.
My feeling is that the SPX may retest 1310 next and then rally.
A lot depends on the following to change sentiment:
* Bush Stimulus Package.
* FED rate cut.
* Reserve Bank rate hold.
A break below 1325 sets up a short opertunity to 1225 imho.
face down friday, page-149
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Last
7,999.3 |
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Mkt cap ! n/a | |||
| Open | High | Low |
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| XJO (ASX) Chart |