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Strategies & Market Trends : Humble1 and Swing Trading Friends
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From: humble12/4/2014 3:06:28 AM
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Two SPX Price/Time Hits Using Trend Lines

It was a cute little sell-off, and lots of fun, too: lol. Chicken Little and her chics got to do some clucking and hysteria loomed at the end. So, what now?

1. The 1343 -> 1740 lower t/l drawn off of 1422 on 4/2/12 hits SPX 2116 on 5/20/14. A sharp, scary sell-off like this can certainly lead to a dramatic 3 1/2 month rally. For one thing, I suspect Grannie Yellie had to take her sleeping pill last night. :>)

2. The 1560 -> 1740 t/l drawn from the 1422 print on 4/2/12 predicts SPX 2116 on 8/17/14. From there and then we could see something worthy of real squawking.

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