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25Sep/09

S&P at 1035 by October 1st? I Believe it is doeable.

On September 23rd at 9:24Pm I wrote the following prediction on Twitter.

Prediction Alert: $SPX 1035 By Oct 1st9:24 PM Sep 23rd from web

I made that prediction based on a few trend lines I was watching that had begun to break down. This is from September 16th. it took then 1 full week of the SPX moving along that trendline before finally breaking below.  (Click To Enlarge)
spx-risingwedge-sept16-09

The next day my system began throwing out SELL alerts and that confirmed my bearish case. I acted upon a few of the alerts and am happy to say that so far they are green.
Here are the alerts for the Major indices.

sell-92409
In my previous post I was expecting the correction to start 10 days earlier than it actually did and that post now stands at 67% accuracy.
Today S&P Closed at 1044. Will it close at or below 1035 by October 1st?  I believe it will, what about you.

Have a good Weekend and check out the rest of the signals by clicking above on the "Current Picks" Tab.

-K

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  • http://investingfreak.com/2009/10/a-week-in-review-spx-1035-oct-1st-prediction-came-true/ A Week in Review: SPX 1035 Oct 1st Prediction Came True – InvestingFreak.com

    [...] very quickly and people can miss things at a blink of an eye. This was on September 25th  ”S&P at 1035 by October 1st? I Believe it is doable.” ( I misspelled doable on the original post.) We were in a 3 day down move (23rd to 25th.) [...]

  • http://investingfreak.com/2009/10/spx-psychotic-line-resistance/ $SPX Psychotic Line Resistance – InvestingFreak.com

    [...] will let 2 charts and this link be the hint of what I think we are going to do in the next few days at [...]

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