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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 652.56-1.5%4:00 PM EST

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To: GROUND ZERO™ who wrote (23561)8/15/2011 1:20:50 PM
From: Joe Smith  Read Replies (1) of 219074
 
DaChief compared this to 1990 and Runomo made a nice chart:
Message 27561801

Amazing analog for this year for now:
stockcharts.com

So, if the analog holds we should be near the beginning and top of a congestion zone with some nice swings down to 1170 or 1160 and then back up that will form up into a triangle and break down for one more low in late Sept and a double-bottom in October somewhere in that 1050 zone. A road map worth watching FWIW.
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