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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: wave3rules who wrote (134713)	7/24/2006 10:02:41 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

Sorry, w3r...looking at the SPX weekly, but very difficult to follow.. You mention a trendline from Oct 2002.....Presumably, any such trendline would have had to be drawn touching the 2003 low......Such a trendline is still out there, but far,far, below the SPX today. You then mention a trendline drawn from Jun 2003......which puzzles me.....IMHO There is no clearly defined intermediate low in Jun 2003 which would warrant drawing a trend line from ????...and if so, at what date would the second touch of such a TL have occurred ??