Market Tumbles Again It’s Not Too Late to Sell Technician Roque Says

via Market Tumbles Again It’s Not Too Late to Sell Technician Roque Says: Tech Ticker, Yahoo! Finance

“The S&P could retest its 2002 lows” around 800 before the current decline ends, Roque says. A comparable decline for the Dow would take the index as low as 7,300.

The S&P is at 800, on the dime, and the Dow wasn’t that far from 7300 this week. This guy was right on, and that was back in early October. So the question is are we nearing the bottom? I have a feeling we’re not quite near the bottom. I think we’ll see the Dow get close to 6000 in the next 2-3 months. But, what do I know.

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