Saturday, March 16, 2013 4:22:05 AM
SPY daily closes chart since 2009, with the smoothed daily NYSE Advance-Decline data -
* a SPY decline below $153.82 is required for a minor violation of the
upper level price structure, which is only a 1.3% pullback
from the Friday March 15th close
if we eventually head for more than 1 to 2% price declines
during 2013, it will be readily evident using this chart early on
in the decline sequence, since all the chart elements will have
much different characteristics than presently
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* a SPY decline below $153.82 is required for a minor violation of the
upper level price structure, which is only a 1.3% pullback
from the Friday March 15th close
if we eventually head for more than 1 to 2% price declines
during 2013, it will be readily evident using this chart early on
in the decline sequence, since all the chart elements will have
much different characteristics than presently
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