RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
S+P is now breaking above the 61.8% retracement level from its drop. In 2000 and 20008 the stock market made it up to the 61.8% retracement level before tanking. Let's see what happens next but to me it looks like the market saw its bottom in March and we are getting a V bottom as horrendous GDP and unemployment #s mean absolutely nothing to the stock market.