Elliott Wave International pointed out something interesting tonight — just about every important index under the sun is at the cusp of support at some important round number. It's pretty uncanny………
- S&P – 800
- Dow – 8,000
- Transports – 3,000
- NASDAQ Composition – 1,500
- NASDAQ 100 – 1,200
- OEX – 400
- Gold (spot price) – 900
At least it will make it easy to get a feel for whether we finally "break" or not.
