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!
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