- Just some perspective...weekends are for stepping back a bit and trying to see the "big picture" which means weekly & monthly charts.
- The move down from the October 2007 top to the March 2009 bottom was -58%. To all those that said that the percentage move was huge, incredible, monstrous and unbelievable...if 58% in 17 months was too big...
- What does that make the current +64% move, in 8 months, from the bottom to the current high?
- Alright...always looking for alternatives soooo...I took a look back into the "Swinging '70's"...WooHoo!!! Below is the monthly SP500 chart of what occurred back then and it's annotated so you ought to be able to figure it out. Sideways slog or quick turn coming? Dunno...just going to have to take my chances while being aware of the possibilities.
- Short term still up...need to see lower lows and lower highs to first show some sideways before you can even think of down.
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