Point and Figure Rally Targets

Yesterday, Nouriel Roubini, fondly known as Dr Doom, said this rally was a "dead cat bounce. On March 9, Roubini said in the best case he saw the S&P500 increasing to 720 before falling as low as 500 to 600. With the S&P currently at 756, Roubini was overly pessimistic. Could he be wrong about the dead cat bounce too?

More S&P500 Charts

See our article "Nouriel Roubini, Dr Doom, Thinks DOW 5,000 is Possible"

Using "point and figure charting," the S&P500 target is 975, a gain of 46% from the bottom at 666.

Click chart, courtesy of Stockcharts.com, for full size image

The NASDAQ Composite PnF target is 1790:

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The NASDAQ 100 PnF target is 1420:

Click chart, courtesy of Stockcharts.com, for full size image

More information:

• "Nouriel Roubini, Dr Doom, Thinks DOW 5,000 is Possible"
  
  
• Major World Stock Market Graphs At A Glance
  
  
• US Treasury Rates at a Glance
  

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