XJO 0.81% 7,971.6 s&p/asx 200

tuesday's turn, page-39

  1. 390 Posts.
    ...bugger 9L...beat me to it ......its not often you get the chance to point out something to a guru like treggs....

    9L....like your chart (and have done for some time now) ....simplicity is the key...just extending out the bottom trendline to 20th April I get 6048 on the DOW.

    ..that fits nicely with my Big “M” theory of back to 606 on the S&P on the 20th April….

    That’s based on the theory that the 02/12/02 (these are s&p) was an important inflection/reflection point at 954 .....in the creation of the big "M" one start point of the M could be 16/7/96 which was the day it bounced off 606 and started its upward journey......2330 days to middle point 02/12/02....2330 more days to 19/4/09 (Sunday)...full retrace to 606.....

    ….whats the potential trigger? Theres mounting pressure on Obama to let one of these corporations go to the wall……even today I see he’s having to talk about executive bonuses to AIG…..and another poll today saying that most US citizens don’t like the hand outs….one third are downright “angry”
 
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