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According to my math you would need a 70 point drop in the SnP to signal
a down leg. It could very well start sooner as the shorter time frame
charts will turn negative way before the daily. Ira.
swp wrote:
> We are mighty near the trendline from the 28-Oct low. I agree with
> Earl's view in here though that losses not likely to be catastrophic,
> but close beneath there (1130.96 according to my chart) would be at
> least short term negative. Also, yesterday's spinning top on
> candlesticks suggests change in trend, though recent trend was
> sideways...
>
> Steve Poser
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