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Post# of 51874
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chris3403

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chris3403

Re: None

Sunday, 08/05/2007 10:50:31 AM

Sunday, August 05, 2007 10:50:31 AM

Post# of 51874
Not saying I agree or disagree just posting it for info
http://www.decisionpoint.com/TAC/RHODES.html
Tomorrow is either the 100th or 103rd TD from the previous 20 wk low depending upon if one counts the NTD's or not. The bottom may not come in for an additional 9 - 12 days.
The spx has yet to hit it's lower BB now at 1416.83 usually before a bottom the lower BB is not only hit but also taken out.
When the INDU hits the 4% envelope it will usually roll over and an additional 100 - 250 points are given up before a bottom comes in.
Furthermore while the spx is now below it's 20wk FLD GE is not.
gl/gt
chris
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