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OI Technical Staff : 9/15/2007 9:59:59 PM

The Market Monitor has been archived. You may view it and any previous days here: Link

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Jeff Bailey : 9/15/2007 12:34:38 PM

Weekly Monthly Index Pivot Matrix found at this Link

In Friday's Market Monitor I showed the SPX with conventional use of retracement from 7/16/07 high to recent 8/16/07 low and a retracement from the 3/05/07 low CLOSE to 7/19/07 high CLOSE.

The 9/12/07 "doji" close was 1,475.56 and I think WEEKLY Pivot a close match and important near-term support.

RUT.X has been WEAKEST of the major indexes and we've got a correlative MONTHLY Pivot/WEEKLY Pivot. If violated, the downside RISK to WEEKLY S2/MONTHLY S1.

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