monday trading, page-86

Now I don't know whether this line will hold for sure but....

When the 82-87 bull corrected I found using a speed line tool with the line drawn from low to high of the bull and setting just one result line to 0.75 was the correction support.

From other investigations elsewhere I saw it had a good history.

SO I drew it on the recent bull market several years ago and kept moving up the top as the market advanced.

We have reached the resultant line now.

On the chart is the 2 speed setups with 0.75 factor for both 82-87 and 03-07.

I feel the markets needs to go lower but I post it any way.