4 replies to this topic

[LarryT]

http://marketcharts....m/files/dly.gif

The daily chart regression channel starts with the June 2006 low up to the July 2007 high. Once a regression channel is traded below like this one the market will attempt to return back inside the channel. Each time it looked like a top the market has returned back inside the channel since April 2005 low. IF and big IF this one fails within the green highlight zone then takes out the 1434 low the rally from 2002 is over.

IF once again price returns inside the channel we increase the data to include the 1434 low and we go to new highs. I favor the market will not return and take out the 1434 low so we will find out by 8-20-07.

http://marketcharts....ad.com/WAV.html

Best,

Larry

[underabigw]

LarryT,

Thanks for the informative update. Please keep us posted on what you see later on.

http://marketcharts....m/files/dly.gif

The daily chart regression channel starts with the June 2006 low up to the July 2007 high. Once a regression channel is traded below like this one the market will attempt to return back inside the channel. Each time it looked like a top the market has returned back inside the channel since April 2005 low. IF and big IF this one fails within the green highlight zone then takes out the 1434 low the rally from 2002 is over.

IF once again price returns inside the channel we increase the data to include the 1434 low and we go to new highs. I favor the market will not return and take out the 1434 low so we will find out by 8-20-07.

http://marketcharts....ad.com/WAV.html

Best,

Larry

[beta]

Thanks for the update, Larry -- you made another great call this morning re SPX 1488 peak. Very impressive work ! Pls keep us posted on your developing thoughts. TIA. /beta

Edited by beta, 07 August 2007 - 07:43 PM.

[dcengr]

I'm looking at SPX and DJIA 60-min chart, and what if we're in a 5-3-5 and we just saw the 5-3 portion of the wave structure?

[dasein]

Best,

Larry

Larry,

thanks for your insights - IIRC, you often give a freebie like this when you see something that could be very important - thanks for alerting us.

best,

karen