US Trading: After having met our bounce target at 1230 the SPX set another lower reaction high in last week’strading, underpinning the bearish price structure. With the Friday sell-off event, the SPX is testing the trendsupport of a classic bear flag at 1150. On a very short-term basis the market is oversold and could bounce earlythis week but at the end of the day we expect a break of 1150, which would call for a re-test of the early Augustlow at 1102. We are sticking to our recent tactical calls and see a high likelihood of breaking 1102; if so the risk is to move down towards 1050/1032. In case of overshooting, we could finally see 1020 in the current bear run.
ЗЫ. Они, кстати, Thomson Excel взяли.
ЗЫ2. Не люблю когда у меня с ними похожие взгляды тем не менее;)