XJO didn't get to 6454 and Spi not 6484 and SP500 not 1559 and BHP didn't top $40.
SPi is at a modest 12 pt premium, 30 pts would make me happier.
Makes me think there is another day to go, probably Monday.
The 2003 low saw a near perfect measured move like those calculated above, so it would be nice to see the same thing.
It was SPI 3100-2889=211 and then 2889-211=2678.
Yeh, I know it was 2679, 1 pt out, but I allow a couple of points and bought at 2680, lol.
The point is that it doesn't have to happen but fair is fair.
Time is interesting in that today is exactly 52 months from the 2003 low and tomorrow is 90 months from Dow 2000 top, both important Gann periods, but maybe it is a breakout and not a top.
McLaren says false breaks lead to fast moves so any failure to maintain the break is potentialy nasty.
fireworks friday, page-86
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