Saturday, June 5, 2010

Half Way Done - Another Half To Go

NASDAQ Composite (COMPQ), Russel 2000 (RUT) and S&P 500 (SPX) have dropped about 13% from their highs of late April.  By late June to mid July, they'll very likely shed another 13% to reach their 50% retracement levels of their late April highs.  Those levels are roughly at:

RUT: 550
SPX: 950

Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice.  Furthermore, the opinions expressed may change without notice.

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