Similar to the plot in the previous post...Notice that 7/21/08 is a 1.00 node on the $SPX while it is a nice even .500 node on the $NDX (previous post and chart). That produces high confidence turn dates. The same caveats about the predicted final prices being perhaps a little high apply here also...In any event, the $SPX calculates out to a point considerably lower then the March 17 bottom (unlike the $NDX), consistent with it being a weaker index then the $NDX because of it's exposure to banks and other financials stocks.
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