friday trading, page-173

Hi All,
Time to pop my head up again and be bold.
Re S&P500.
I continue to use the 1929 to 1932 run down as a guide and it continues to work IMHO. Price has done a grand job of catching up to time.
I am going to call a low for 2008 of 636.25 - the 0.25 is important ;-) and expect it on/about 17th December followed by a Christmas rally possibly to mid February.

If the above comes to pass and the market heads back down in Feb then we are likely heading back to 1987 lows.
Cheers