spx next 2 weeks, page-37

Volt / Gann

great posts..... you guys add significant value.

your charts and analysis both seem to fit with a rally that starts in earnest from mid august (right after BHP and CBA results) and runs perhaps till October 08 with a target of 5,500-5,600


at this point a break of Gann's trend channel in Oct 08, would require Oil to still be on the slippery slope heading sub 100

However more likely we remain within the trend channel and head back lower. as US 3rd quarter results wont be pretty.

My own analysis suggests a bottom in March-June 09 around 4,200 with a rally into 2010 then another sell down to the LT trendline support.