friday trading, page-109

I didn't draw in other lines but you can see that the 2003 low was back to the 1997/8 top and the 1987/8 low (and even the 1990 low almost) back to the 1986 top.

So it could be a major low or a multi month bounce but nothing guaranteed by past results.

The horizontal lines are not Fib but Gann, so divisions are 1/8ths and 1/3rds.

Seem to have some nice reactions over the past 3 or 4 years.