hey whi551did you mean the top 11/10/07...or 11/7/07?the...

hey whi551

did you mean the top 11/10/07...or 11/7/07?

the trendline from the top

11/10/07 1576.09
19/05/08 1440.24
= 135.85/221 days

.6147 s&p points per day (with 220 days it gives a rather neat .6175 - round it up to .618)

so using .6147 it intersects 1121 (50% retrace) on the 19/10/09....(using .618 it gives 15/10/09)

The current trendline resistance coming up

21/11/08 low 741
05/06/08 high 952
211/196 days = 1.075

using that gives 1092.5 as at 14/10/09....last nights close 1092.02

so right up against that one!