4 replies to this topic

[mss]

For those interested I have updated the post on SWING WAVES BOARD.

mss

[mmm]

Thanks for the info. My pattern recognition models say the same thing. I believe the bottom is in but we will have to be in a trading range for some time before the next rally can begin. Dennis

[emdee]

Hi mss,

I noted the similarities of this decline with mid 2006 as early as the beginning of August with the chart below. If the similarity is to continue, we should look for a low in the area below 1427 and above 1370.

Fwiw...Mike

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=6&dy=0&i=p81359954155&a=113896047&r=2071.png

[thespookyone]

Nice work, MSS, Thanks for the heads up to your new post.

[relax]

Hi Mike, Will be interesting - answers will come very soon I would not want to see the gap filled (1.415) as that would negate the possibility of a repetition of the march 2003 bottom, where the gap was never filled