playing with some figures...something of interest..
the low of 19th oct.1999.. 2776..19th oct.2002 36 months x by 4 brings up 144 weeks..
the high of the 7.3.02 3500 the low of 1983 458 range 3042 x 23.6% =717.9 - 3500 = 2782.....5 x 144 = 720
3500 - 720 = 2780...so looking at this our spi could find a bottom at 2780-2782..which of course would be a double bottom from the 19th oct. 1999...
how say you guys and gals...
enjoy your day
spi
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