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Post# of 51774
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DowDeva

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DowDeva

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Re: BlissBull post# 48866

Friday, 08/11/2017 5:59:29 PM

Friday, August 11, 2017 5:59:29 PM

Post# of 51774
Hi, Blissy,

I have February of 2016 as the last 4.5 year low, and this was an 80 week low, hence the strong right translation. Should be a tradable bounce Monday. SPX just hit a very long support TL from 2016, which also supports a bounce.

I'll keep your opinion of a five week marked, though.

This is feeling more and more like 2007 to me. Action coming out of the next set of 10, 20, 40,etc, lows will be very telling. I just find it hard to believe that we'll drop from here without hitting the 2500 brass ring.

~D

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