Just preparing for a flat correction scenario.
Incredible how the top ABCD area overlaps with target zone of the failed bat setup (I left retracements from both patterns).
JI
jimkane
Rep: 3,058
Posts: 33,089
I'm thinking we may see that 1500 run soon, perhaps well before the European open. If not, surely when they open. I know we are hitting into a key 'throw over' area, but I'm thinking the odds are increasing that 'all bets are off'. How fast can the Dow put on 500 points? In less than a week, I suspect. Or something like that.
JI
jimkane
Rep: 3,058
Posts: 33,089
This is pretty cool. Click on the years and see the components.
http://etfdb.com/history-of-the-s-and-p-500/
http://etfdb.com/history-of-the-s-and-p-500/
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, folks, the best I can hope for here is down to about 87.25 plus or minus. How incredibly pathetic.



