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ajtj99

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ajtj99

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Re: Justa Werkenstiff post# 35391

Wednesday, 10/27/2004 6:52:00 AM

Wednesday, October 27, 2004 6:52:00 AM

Post# of 148479
Justa, the imperfect 3-black crows on the weekly SPX would target about 1070 for the 50% extension. Note how the 50SMA near 1112 has been an inflection point on the weekly the past several weeks. Also note the lower BB on the weekly SPX at 1069 and the 200SMA at 1066:

http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[h,a]waclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!a...

The Dow imperfect 3-black crow target is about 9550 Dow.

I agree on that fractal from July-August. I mentioned previously the progression would suggest a low sometime late next week.

http://www.investorshub.com/boards/board.asp?board_id=1613
AJTJ's Market Pulse
Do your own DD. Void where prohibited. Observed side effects include darkening of the stool, spontaneous amputation, and death. Rosebud.

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