tuesday, page-46

maybe time for a rethink as the market has surprised us to the dowside. i was originally thinking we may hit the bottom of the channel mid march at around 6000ish. but we are quickly headed there now. So.....how about a hit of the bottom of the channel with an intra day low this thurdday. that would be around the 6600 mark. Also thursday will be exactly 72 weeks (half of 144)from the very top of the market. I still like march 17/18 and the idea of around 6000 (or 5890 if you please being a 61.8% retrace of the entire 82 to 07 bull). so maybe a bounce come thursday and a new lower low around march 17/18. a reminder : march 17 is 144 weeks from the 2006 low. march 18 is exactly 2 x 8.6 month armstrong periods from the very top but it is also exactly 72 weeks from the lower market top that occurred 31/10/2007. This would give us a pair of lows that exactly reflecting the pair of tops at 11/10/2007 and 31/10/2007. Too predictable ?? maybe.