oops, in the below paragraph, i meant to say 1240 - not 1340.
"however, a quick comparison of present structure of my moving averages and say, the 2002/03 lows, suggests that there may be more downside on the spx - perhaps a move to the 360 moving average on the weekly (which from memory is currently at about 1340) but the fall could be as much as another 100+ points."
de ja vu, page-127
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