SanFelipeMy read of the SPX weekly is that while a rally this...

SanFelipe

My read of the SPX weekly is that while a rally this upcoming week is likely, I don't expect it to last. My m.a. grid on the weekly suggests that it still needs more time to support a decent rally and mid April seems a likely candidate for a decent low.

While the SPX is my trading buddy, I like checking out the NASDAQ.

When people compare current times with the Great Depression, I look at the NASDAQ and it tells me that it's probably not going to happen. I think the NASDAQ is still following a similar path to the DJIA from the 1929-42 period - with its 2000 high being equivalent to the djia 1929 high. It's also a really nice fit with Armstrong's timeframes for this bear.