lowtrade

[lowtrade]

While the work you did to evaluate the S&P for 3 years is good practice. I feel your 1060 pull back target completely discounts resent & future economic factors. We had a major reccesion!

I have posted before keep charting simple, clean & basic, complexity causes errors. I think that complexity caused you to take a way to negative out look for the S&P index.

Keep things simple, clean & basic. Rule of thumb !
When the S&P gets 6 to 8% above or below the 50 day moving average a correction will move the price back to the 50 area.

Use these parameters on a 3 year to see how well this Rule fits.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p70225117845