Why 1997 lows? | Cobra's Market View

Why 1997 lows?


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. 🙂

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3 Comments on "Why 1997 lows?"
  1. Comment left on:
    February 24, 2009 at 1:04 am
    Freezelin says:
  2. Comment left on:
    February 24, 2009 at 1:41 am
    Anonymous says:
  3. Comment left on:
    February 24, 2009 at 1:54 am
    Cobra says:
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