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To: Les H who wrote (28736)8/4/2024 10:08:01 AM
From: Les H  Read Replies (2) | Respond to of 29597
 
Target is April low as the SPX is currently at 50% retracement of April-July rally and
25% of October-July bull run. April low would be half off the longer rally or bull run.
Since the sell off so far is 2-3 weeks, it would probably take no more than 6 weeks
total, a garden variety correction.



To: Les H who wrote (28736)8/4/2024 10:31:11 AM
From: robert b furman  Respond to of 29597
 
Hi Les,

Excellent observation.

CLX studies have a calculation called Bottomspotter. It defines selloffs that subsequently offer discounts in stock prices.

I've recapped the similarities of this decline with past declines that occurred on this long wave up:

Message 34766405

Thanks again for all you do here Les.

Bob


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