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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (94149)	2/8/2014 12:07:50 AM
From: Vitas	Read Replies (1) \| Respond to of 94695

What that shows is that there is not an immediate melt down, and in fact the probability of a new recovery high. I have been examining the 2007 analogy for awhile. siliconinvestor.com Since I have not registered the MF figures I want, I haven't acted on it in a bet the farm way. At this point there is a distinct possibility, not necessarily a probability, that we are in a typical corrective pattern. Sell off, bounce back up to the middle BB band, then a final woosh. That happened in May - June '13, and August '13, and on previous occasions. In July - August '07 the first sell off was down .077%, this one was .058%, adjusting the percentages we could go, strictly on a percentage basis, to SPX 1711 on a closing basis, 1687 if we get the whacky intraday one day woosh that occurred on 8/16/2007 and closed higher that day. And then up again. Of course, just because that happened then does not mean that it might happen now. What do you think?