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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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From: c_hl	12/25/2005 9:21:09 PM
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I rescaled the chart so that the big up spiral from Oct low ends on Nov 25. An interesting thing is that with this adjustment, spx hit the down spiral wall ( the lower wall ) on 10/13 around 1168. But that was not the last day inside the wall. There were two more days. But the buy signal was given on 10/13 around 1168 because that was the lowest point of this down move. With the new scale chart, the current up spiral is centered at 12/6 high. There are about 4 days to reach a possible target of 1285 for SPX. That means SPX closes at the high at the year end. Lets see what is going to happen.

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