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Pastimes : The Philosophical Porch

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To: Rarebird who wrote (5931)	9/14/2010 9:38:50 AM
From: westpacific	Read Replies (1) of 26251

Bollinger Band Squeeze ongoing on the SPX Weekly reminds me of April 2008...ahead of the market outright falling off a cliff and collapsing... Market fell; small bounce into cliff drop. From that 1500 level all the way to 666 on the same sort of setup! A similar one also occured well ahead of the 2002 lows, 1176 to 768. For now it is projecting into the low 600 area (650). Both former squeezes took a year to bottom and the parabolic is projecting late 2011 for this one. Upper band is 1142, you really want to be long here at 1118? 1130 does still remain in play for perhaps a week or few. Do not think so as again we hit the Dome Roof top yesterday. Most interesting into the Nov 2010 projected regional war startup (WW3) and ending 2 months of the Crawford EOLAWKI call going into the same month; do not be caught long. West

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