fridays foibles, page-30

Morning Treggs,

9 lives 20/20 hindsight kicks in again....yesterday is a missed opportunity. that trendline that goes way back remains in tact. I was so busy looking for a crash or for 61.6% of the bull to be hit that I dismissed that line...to my own disadvantage it would seem.

the gradient is about 4 months for every 500 point drop....seems a lot worse as the upside of the actual index is getting less and less...nonetheless the chart does not lie. Dow already back above 11,000 so you gotta ask yourself...how much upside is there now...maybe not too much

So it will be 4 more months before 10,000 is intersected and anytime thereafter that the index touches the line and 61.8% is reached.

Chances come and chances go but the bear remaineth forever