Tuesday, June 29, 2010

Downside Targets on S&P 500

2 comments:

Anonymous said...

May I assume these targets come into play after breaking 1040 level? thanks in advance...

Fibocycle said...

Yes...the 1040 would have to be taken out on a closing basis. I think the ensuing decline would be violent and rather quick. The mid month Energy Date (July 11-12) seems like when the most damage would be done. However, the possibility of a total meltdown is very high for the month of August--especially the first half of the month.