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Sunday, September 03, 2017 9:21:47 AM
Weekend Analysis by Amateur Investors
By: Amateur Investors | September 2, 2017
In terms of "Real Dollars" the S&P remains well above the top of its longer term upward channel (red line). As I have pointed out before, there have only been two other occurrences in which the S&P has been well above the top of its upward channel. These events occurred in the late 1990's and way back in the mid 1850's.
If the S&P were to rise up to the trend line connecting the previous peaks of the mid 1850's and late 1990's, that would yield a value around the 2700 level (purple line).
Finally notice the peaks of the late 1990's and mid 1850's were followed by substantial corrections exceeding 60% as the S&P eventually dropped back below its long term mean (green line).
http://www.amateur-investors.com/AII_Weekend_AnalysisSep_2_17.htm
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*** For Market Direction and Trends visit our board:
https://investorshub.advfn.com/Market-Direction-and-Trends-26249/
By: Amateur Investors | September 2, 2017
In terms of "Real Dollars" the S&P remains well above the top of its longer term upward channel (red line). As I have pointed out before, there have only been two other occurrences in which the S&P has been well above the top of its upward channel. These events occurred in the late 1990's and way back in the mid 1850's.
If the S&P were to rise up to the trend line connecting the previous peaks of the mid 1850's and late 1990's, that would yield a value around the 2700 level (purple line).
Finally notice the peaks of the late 1990's and mid 1850's were followed by substantial corrections exceeding 60% as the S&P eventually dropped back below its long term mean (green line).
http://www.amateur-investors.com/AII_Weekend_AnalysisSep_2_17.htm
• DiscoverGold
Click on "In reply to", for Authors past commentaries
*** For Market Direction and Trends visit our board:
https://investorshub.advfn.com/Market-Direction-and-Trends-26249/
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
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