Here's some key dates for SPI and S&P500, looking into 2003:
Up front, must say that this post would seem to be a contrarian view on the SPI and S&P500 ..... but, that's what makes the markets.
ASX200/XJO ..... since October 2002, we have seen the markets in a choppy trading range, but at the same time the lows have been tested ..... 30 days apart ..... in November and December.
Here's a brief overview of the underlying market, looking forward for the next 12 months .....
KEY dates:
230103
210203 - 21-240303
040403 - 250403
16-19052003 ..... looks significant
050603 - 20-230603
290703
27-290803 ..... looks significant
19-220903
290903
23-271003 ..... looks significant
071103
17-221203
06012004
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DOWNSIDE:
Let's not think about anything below the October 02 lows ..... but, if they are to be revisited, it may well be around 21022003 ..... let's hope we can bounce off again !~!
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MARKET MOVES:
With the shackles loosened now, we should see some good moves in the markets, until the March equinox 210303 ..... after that it will probably get choppy again, through until about 19052003 or even 05062003.
From about 20052003 through to about 28082003, we could see a huge move in the market ..... so, it would be a good time to be alert.
Those key dates in mid-May, late-August and late-October will have us alert for significant highs or lows, about these times.
Beyond late-October, the market may well give us the Santa Claus rally that we didn't get last year.
