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To: 2MAR$ who wrote (140464)1/24/2007 8:58:10 PM
From: Galirayo  Read Replies (3) | Respond to of 209892
 
[SPX] So what is it about the 8th ??

Dec 8th .. Jan 8th .. You wanna call that a double bottom ??

I wanna call Dec 18th to Jan 8th an ABC. I'm counting a 1 2 From Jan 8th to the 16th ... and now in 3 with todays New High.

I think someone who is fully versed in EW will correct me if this is not plausible.

Maybe someone will even expound on this a bit more.

stockcharts.com

It might also be called a W Consolidation or an Inverted H&S Consolidation by some. What ever you call it .. it's a BO and it should be Measurable.