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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (51751)	6/13/2013 11:26:46 AM
From: Joseph Silent	Respond to of 219325

Just a minor (but maybe interesting) point. Often the downward inclinations of corrections exhibit similar or almost identical angles. I have no explanation for such phenomena, just as I have no explanation for many patterns that may occur all around us, or similar patterns in nature. So far we have the same angle as the last down-move. If we continue at this angle like we did the last time, we should end up with a bottom and recovery from approx 1525 and the whole thing should last roughly a bit less than 2 months. That would put us at approx Jul 18, if we started at May 24. I have no idea if history rhymes or history repeats and I am always reluctant to exploit pithy maxims without very good reason. So 'll just wait to see what happens. :)