Why 1997 lows?

Posted by Yong Pan | Feb 24, 2009 | Free Contents | 3 |

OK, someone asks for why I said SPX may test 1997 lows in today's report? It's just a guess, since 741 is not far away and I believe Mr market needs something more scary. 🙂 Also from the chart, some serious supports are around 400. Why lots people say 600? I don't see much support around 600. 🙂

3 Comments

Freezelin on February 24, 2009 at 1:04 am
Anonymous on February 24, 2009 at 1:41 am
Cobra on February 24, 2009 at 1:54 am

Trader's Calendar

Major U.S. Economic Reports are HERE
11/01: Nov 1st day, Dow up 10 of 14
11/03: Daylight saving time ends
Week before Nov OE, S&P up 9 of 14
11/07: FOMC
11/11: OE Monday, Dow up 12 of 19
Week before Thanksgiving, Dow down 6
11/15: OE Day, Dow up 15 of 21
11/28: Thanksgiving, market closed
11/29: Shortened trading day
11/29: Nov last day, S&P down 16 of 25
12/02: Dec 1st day, Nasdaq down 7 of 11

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