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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 61.76+16.0%Feb 6 4:00 PM EST

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To: dospesos who wrote (43767)9/5/2009 3:44:33 AM
From: humble1  Read Replies (1) of 208280
 
Price Target SPX 1229: i keep an updated book of price targets. i have mentioned several here. using "my" eclectic and somewhat esoteric system i create worksheets on interesting SPX hits.

the SPX 1229 worksheet is packed. i don't know when we will print it, but i suspect we will do so before october opex.

perhaps i will share that full worksheet here, but first i offer a related gann square nugget, which recently gave a confirming hit on SPX 1229 (the 6th):

you know that gann spoke a lot about Price and Time. here's a secret i am sure many of you already know:

SUBSTITUTE!

example:

3/6/09 - 9/2/09 is 180 cds (gannian, in itself)

((180sq/root)+2))squared = 237.

now turn that 237 Time into Price by adding it to Price on 9/2.

the 992 low on 9/2 + 237 = SPX 1229

one other hit on SPX 1229 should be obvious; there are other good ones. i could write a monograph on that target.

keep it to yourself.
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