yanks drop- next week for us, page-4

Austravel

i'm no guru and thus, i'm clueless at the moment as well.

i can see the potential for paddington bear's scenario possibly playing out. that is, from what i'm seeing... if 6 march was the low, the spx should not fall below 730, and we should continue to rally about 1050 (possible?? maybe).....and then another major leg down to follow.

the alternative scenario, imo, 800-ish was the high and the next stop about 600 (actually approx 580 would be even better).

i've been playing with my charts this morning and i can't figure it out which one is in play. i still prefer scenario 2 with a low in mid april - but need to see how the market reacts in the next 1-2 weeks.