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To: GROUND ZERO™ who wrote (56315)1/5/2014 10:11:22 PM
From: Vitas  Respond to of 218863
 
Thanks! I'll look at it tomorrow. -g-



To: GROUND ZERO™ who wrote (56315)1/11/2014 12:15:57 AM
From: Vitas1 Recommendation

Recommended By
GROUND ZERO™

  Read Replies (2) | Respond to of 218863
 
Here's the current SPX chart. It will open Monday below the Gann trend line (if I have your instructions right) drawn from the 12/18 low to the intersection at 1/14, nine days + nine days from the low. Which do you think is more important, the trend line or the 1/14 date?

Below that is the NYA chart. It bottomed on 12/12, as did the Dow. If you draw the Gann trend line from that bottom then that extends the number of days to the intersection. SPX is a combination of NYSE stocks and OTC stocks. NYSE has a heavy influence of bond interest related issues. The Dow is the Dow. What is your instinct as to which Gann trend line may be more significant?

BTW, the NYA all time intra day high on 10/11/2007 was 10,387.17. High close on 10/31/2007 was 10,311.61.
12/31/2013 intraday high was 10,406.77, with a close of 10,400.32, Today's close was 10,371.13