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Re: [RT] SP-500 5-Minute Chart Reversal



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Pete:

A very interesting chart picture.  I took your clue
and drew an ellipse over daily action near to your
slant.  Perhaps 2 points of resistance, green line or 1/2 of
ellipse size and also of course the ellipse periphery.
Have enclosed it.

Jeff



Pete Lieber wrote:
The S&P rallied to a Friday intermediate high and failed.

The S&P has pretty religiously adhered to 22.5 degree downtrend lines (see attached chart)






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