SP500 drop to 475 would wring out all the credit

Discussion in 'Technical Analysis' started by Roman Candle, Jul 6, 2009.

  1. Yep that would wring out all the excess that has been created with debt.
  2. SP 500 monthly chart
  3. Compelling argument. Place your bet.
  4. And what does such a fundamental concept as DEBT have to do with Technical Analysis???

    Answer: ZERO

  5. Debt is not a concept it’s a reality.
  6. BarbaraM


    Elliot Wave projection....3500-4500
  7. Perfect! My thoughts exactly!

  8. A move like that based on EW makes some sense. Of course the market can do anything, but a move to 9700 or higher would be enough to get bears exhausted, blown out, and have most people thinking the worst is over.

    Then then really sell them.

    I hope EW is wrong, but it's only because i'm impatient. haha.

  9. Well, I think that you are technically refering to the M3 money supply. It started going crazy in 1995.