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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Q8 who wrote (114096)	11/24/2008 11:33:32 PM
From: Paul Senior	Read Replies (1) \| Respond to of 206159

How was somebody supposed to take advantage of the chart/prediction? The market bottom (interday S&P at 838) was tested within 44 days sure enough. It failed to hold though, falling interday on Nov 13 to 818, a new bottom. (Wouldn't that be a sell signal?) The next day the S&P shot up to over 869 and held above 838. A few days later the S&P was back down at 807 and then below 750 - more new bottoms. (Wouldn't that be another sell signal?) Given that there was an interday low on Nov 21, then I'd say, based on the chart, there might be a retest within the next 44 days from November 21, assuming history repeats (15/21 of the past retest time of the low point -- 75% of the time according to the chart). If retests keep failing and new bottoms keep occurring this could go on for quite a while though until there's "confirmation" that the actual bottom was hit. finance.yahoo.com^GSPC