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Just thought I'd share a chart with you that implies the possible
beginnings of a bear market in the SP500 index from the Jan 8th peak in
the attached chart. The peak-peak cycles of 105 and 172 days form a
Golden ratio along an upward sloping trendline. The possibility of Jan
8th as a major reversal point should be considered. Recent activity
implies that Jan 8th was the last wave of the major bull run from Oct
8th. Personally, I expect to see a decline to at least 1170 in the
coming few weeks....and a possible decline to 1100 in 4-6 weeks.
I don't have much time in this message to elaborate further on this
analysis...but I'd like to share it with my fellow RealTraders....for
what it's worth....
Good trading!!!!
Andre
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