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Andre Franklin writes:
> 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....
I've put this chart up on my website at
http://www.unixgeek.com/investing/sp500bull.html if anyone would care to
view it there.
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