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Hi Victoria,
Like the chart !
I agree todays low could be vital,
Not sure if I think the 17th top on the DJ will break though.
if so will be watching the 3rd to 7th July.
That trendline from Mar 12th low was hit on the spx last hour.
Dow didnt quiet hit,.
If 9050 on DJ breaks may be weak again.
Pete
--- In realtraders@xxxxxxxxxxxxxxx, victoria keeling
<thegirlisherenow@xxxx> wrote:
> Duh, should I be embarassed to show my face today?...ah, we all
make mistakes...it's just tough when they're so public. This
correction was due. And it will be even more positive if it drops a
few more points to the bottom of the channel around 972. A lot of
folks may be thinkin this rally is over... but look for [very
possible] new highs from here, as we are still in an uptrend off the
march low! All bets are off if the channel is taken out to the
downside in the next day or so...BUT...if not, we could see a strong
thrust up over the next several weeks.
>
> The attached chart was done earlier today...since then, price is
dropping closer to the channel bottom. That will change
the "potential" targets a bit...but still check out the area for the
Bradley turn date of 7/2. [The projected path I drew in is only for
general direction.] I see that Arch Crawford is looking for a big
drop after the Bradley date...however, IF we close above the median
line shown on the chart, there is a good chance the SPX will make a
run for the top of the channel! Sure, this is "just" a bull rally in
a secular bear mkt, but I'd think hard about selling it short just
yet...
>
> [As for accurate market predictions, ya can't beat Jim Curry, with
his hand-drawn Hurst charts and cycle timing. I'd love to know what
he's saying right now!]
>
> Alright, that's enough fun for today...
>
> Victoria
>
>
>
> ---------------------------------
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