noomxInterstingly Alan Oliver posted a chart wich I have posted...

noomx

Interstingly Alan Oliver posted a chart wich I have posted which is similar as 1987 for the Dow.

In it he has 61.8% dual targets in the 5400's.

That seems some distance away, yet if we do have one more minor leg down after a rally, then would be quite reasonable.

I have always maintained that picking absolute tops or bottoms is good fun and a sense of satisfaction but really pretty insignificant in the long term profitability of a trader.

Yes, if it all comes together then go for it with close stops, but those that can't get the dates miss little by just letting the market dictate the trend.