Just looking at a few ranges on the AORD weekly this morning since the 2007 top. There were 2 dominant repeating ranges down during the bear market (Pink & Red) and one common range up (green). If we had the pink range now that would send us pretty close to a support area at 4270. If we had the red range we end up around 3891. If we did get the red range and then had the green range up that would bring us back to resistance at 4500 area.
Of course we could bounce today too. The lower trendline of the broadening top comes in at around 4450
Just something to think about :-)
wednesday it is, page-11
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