we'll be right tuesday., page-64

Andrew

Close to some dates there.

I will take this opportunity to say something more about 56 day declines.

Sometimes they are complete at that point but often that is the point where the maximum downside impulse finishes.

If we use the 1987 example, 56 days down was Oct 20 on SPX and THE low, but we briefly bounced (1 or 2 days) and then bottomed 3 weeks later.

This is qute common.

SO if that is playing out, then 56 days down fro SPX would be Jun 18 or 21. (Jun 21 being the likely reversal day).

But although it could be THE low, it allows for a lower low July 9 or 12 (or even 14 I reckon), and that would also fulfill the 155 low to low counts.