Investing for Dummies: Part 2

The last Investing for Dummies worked out pretty well; so, here goes again.

There’s a lot of confusion out there about what matters or doesn’t matter at this juncture.  Allow me to simplify things…

SPX 2702 is the 2.24 Fib extension of the drop from 1576 to 666 between 2007-2009. If SPX backtests it and bounces tomorrow, the uptrend is intact. If it drops through, there’s plenty of downside potential. It’s a number worth watching very closely.



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