weekend, page-12

Spider - 34 trading days from 21/6/2010 to 5/8/2010 and then to 22/9/2010. There are two issues that you raise regarding Gann and the 50% rule. On the latest swing there is a low at 4313.90 on 25/8/2010 and a high on 4610.1 on 15/9/2010 which equates to a 50% of 4492. This is conjecture at the moment and we clearly need to resolve the uncertainty caused by the big outside swing. A higher swing low or a higher swing high will show where we could be heading next.