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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (200479)	11/12/2012 5:06:52 PM
From: Joseph Silent	Read Replies (1) of 209892

It's probably not worth much at all :) but here is my two bits ...... the geometry shows an intersection of three lines, at a point below where we are now, in the next week or early in the week after. The intersection appears to be in the spx 1320-1340 area. I'll go out on a cheap limb and say we won't go lower than that. I suppose we can always bottom higher than that. [And, needless to say, I can be wrong and we can go a lot lower than that.] From that intersection point a rally should begin that exhibits the same slope as the last rally (looks like a 45-55 degree angle, approximately). Apart from the above I have one support line that shows support at around 1356 or so. /J :)

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