Bobby,
I have seen those technical charts indicating such large moves. Per your position of 1167-1200 as targets, that would translate to approx 500-740 point moves on the DOW(using 8.17:1 ratio). If I recall correctly Jerry Favors, who also uses GANN, supports the upper limits at 9600+ which falls in line with your projections.
I do believe that there will be a runup this coming week; however feel it will be limited to the 9200-9300 range and that Monday could be another volitile day of 100+ DOW points intraday.
However, there are some noticable technical weaknesses best illustrated by the short-term down trend of several indexes, and the large ones being the DOW TRANSPORTS, UTY, XAL, BKX, DRG, plus others.
If the downward trend was only in some small indexes, I would discount such, but we are talking about some pretty important indexes.
For the SPX to get to the 1170+ range, I would believe that most of the indexes would need to set new highs; however I do not see that happening in the immediate short/mid-term (5-30) days. With the price of fuel stabilizing for now, such should keep the transports/airlines from setting new highs, and with interest rates very close to 6% that would damper large moves in the banks and brokers.
I feel more comfortable with a 200-300 point run on the DOW.
Seeya
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