Friday, September 25, 2009

Long Held Target of 1067 Reached!; September 25, 2009

One more quick note. For those of you who have been viewing my blog for some months now know that I've long held an S&P futures topping target for this big wave 2 rally to be at a prior 4th wave at 1067. Prior 4th waves are often stopping points for countertrend rallies and the way the market rally was setting up it sure appeared that was the level to watch. With the futures making a high this week of 1076, just 9 points above my target level established many months ago, it's sure primed for a major top to be underway.

Next week should be interesting.

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