fabilous friday, page-22

probably a good time to revisit my chart as the support line looms large. I question whether this support can hold as we do not have enough room left to have a big capitulation selloff before hitting the bottom....but stranger things have happened.

One thing I am keeping in mind is Jaolsa's turn date of the 9th. No one would ever do their own credibility any good by arguing with Jaolsa's proposed turn dates. So I am wondering : even if the 9th (this coming monday) isn't the bottom maybe we will see a bounce of sorts off the bottom of the channel. Laundry says 5 straight down days but as an alternative I am wondering if that may be interrupted by an up day or 2 as of monday and then we see the Laundry capitulation down into the 17th/18th (or 19th just for Sierra). Don't forget the march 2008 bottom was a double. 10th was the lowest close and the 17th was THE bottom. Could we see something kind of resembling that ??