S & P 500 Index (1470)

At the end of May/07 I said that the S & P was headed for a test of the 2001 all time high (1552), and thereafter should take a rest as we moved into the summer doldrums.

This has now come to pass, and now I'm looking for the current weakness to take us into the 1400 area before we again challenge the year 2001 high (1552) in an ongoing healthy uptrend.