Technical analysis: S&P gunning toward 2000 (well through it now)

Down 32 points 37 points. S&P getting ready to party like its 1999.

The S&P index (and stocks in general - Nasdaq down near 100) is gunning for the 2000 level (I gotta get this up quickly).

Just to outline other targets.

• The 50% of the move up from Oct comes in at 1977.69.
• The 61.8% of the same move is at 1940.63.
• A 10% decline from the most recent highs comes in around the 1920 area.

Back in October, the correction there was around the 10%. So it is doable....(of course it is..., duh).

I was not quick enough. The S&P is tumbling below the 2000 level as I type.