Saturday, July 25, 2009 8:34:22 AM
Fujisan's 3 drives pattern has prompted me to revisit the relationship between NYMO and OEX and I think the near term SPX target of 1046 (OEX 482)is real. From then on the advance will be slower but it will be taken over by TTheory to keep advancing till the high of summer 07 is reached by summer 2010. Your long term money should be all in.
For near term, we have another 4 days to a week to advance another 26 OEX points (56 SPX or another 500 Dow points approx.) If you believe in this, which I do, you should get out of your shorts immediately and go long to rip the last gasp of the thrust.
The daily has exhibited a 1-2-3 up pattern already and if anybody is a cup and handle expert, I would love to see the target too.
I think the following charts are self-explainatory..
2bit
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