Thread: Market Drop in early Nov???

I've been looking closer at the situation....I believe when we get this hit, the C and I funds will be hit the worse....S fund will take a hit but it will suffer less...

Looking for a possibility to play in the S fund over the next half year or so....:^

I think at this time it is significant to remember we just failed to cross the 200 day average on this last attempt.....if we don't get past it soon, then the drop is expected.

:dude:

Technician wrote:

Could todays market action be disturbing....???? :shock:

Some of the Tech's I follow agree with you... They are thinking the technicals are favoring a another test of the lows before the rally..... Could be another buying Op soon.... The short term trend of the market is still unclear!!!!

Thursday 10/27/05 Morning Comment

There is a term which which is used by Point & Figure chartists: "Squaring the base". It means that a basing formation is not complete and that prices must come back down to test the lows in order to give it the "right" look.
I have felt that the structure of the correction was not complete and that prices should retrace one more time before a resumption of the up-trend could take place. I believe that we saw the beginning of this yesterday.

For the total move into the final lows, the same targets given before (1150-1160) are being re-affirmed.
The time period involved? When we get to that target! (2 or 3 weeks? ) This is the most logical forecast for now. If something is altered it along the way, I'll let you know!

Short-term, the first target is 1181-1186, but there is an impending news release which could have a market impact. We'll have to get this behind us!

Skip wrote:

That would take some external force ! the sp500 is trading at a low p/e of 14...

what force are you looking at ?

Skip

Lower earnings growth will bring up the P/E ratio.....

http://money.cnn.com/2005/10/27/mark...york/index.htm

:^

He cometh..