i feel this is a monster a of the abc I THINK 869 was JUST A blip.
we'll know when we revisit those areas and how things look on the way back up from the next true bottom zone.
only question is how slow can they drag out the INEVITABLE.
volume on this 3rd break out is JUST WAY TOO HIGH for this to BE REAL at this time.
plus alot of wave runners are now calling 1125 to 1150 before the DROP SETS IN. kinda don't add up CONSIDERING THAT 1094 spx WOULD confirm a NEW BULL MARKET TREND by certain metrics in my charts that I LIVE BY. so either this is really a NEW BULL MARKET or the DROP STARTS faster than most CAN FATHOM.
i'm pretty sure which it is OR ELSE i not know spx going 417 to 350 sometime in the future maybe 2011 to 2012 before this all ENDS of true trend.
me expects 838 to 826 then the move to about 1150 to 1260 FOR 2010 atleast at this time. BUT and a big but is IF THAT SHORT MOVE BACK TO 869 really was B well u know the drill.
EITHER WAY down this market goes. SO SAYS THE VOLUME action IN THIS 3RD implied break out range AND FACT market hasn't really gone any place EVEN WITH THE BREAK OUT OF 1048 so far.