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techcharter

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techcharter

Re: None

Wednesday, 09/01/2010 4:07:26 PM

Wednesday, September 01, 2010 4:07:26 PM

Post# of 51804
SPX Chart Symmetry

The selloff since August 2010 is nearly a mirror image of the rally out of the July 2010 lows. Each high and low on the way down is lower than the coresponding highs and lows on the way up. This indicates a stronger bias to the downside than the upside. The bottom that happened a couple of days ago matches up with the July 19th low. Today's highs is a hair more than the selloff into July 19, so I think there is a good chance his rally is nearly over and the retest of the July lows is about to continue.


http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p00090641938
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