mongombolo's - crash or crash through tuesday, page-19

OK - S&P now in my target box. Doesn't have to stop there and as Chris Ford's chart up above shows, the 61.8 is just above here so there should be a few stops just above that level so once more we might see the stops run.

But if anyone wants to have a worry - now is the time to do it. Not three weeks ago.

The Dow and the S&P have now pulled back up under the overhead resistance - but not just the high this year - the high in 2007 as well as 2000. I cannot emphasise too strongly just how important the next correction is going to be. Either we come off, gather our strength and sail on through all the old highs or we turn down and start the next leg of a bear market. Not trying to out-do Martis, but it is this important.

Greatly encouraged to the positive side by the move in commodities overnight. Bigger chance now that we have seen a couble bottom in copper which is good.

So a very importnat period coming up. Time to really watch the market and ignore all the news we are being bombarded with.