Replies to post #4181 on Strategy Central

[omandan]

Gleno
Today was no big deal. About the olny thing that really happened was it broke the run of higher lows. Todays drop off just put SPX close back into the top of my UP channel that SPX has been riding in for months. Look at the last drop off from 1311.56 was -26 points, this drop off from 1325.76 has only been - 19.54. We've had 4 series of UP moves sence Jan. 20, each producing a higher high & a higher low. Each of these up & down cycles are spaced about the same # of days apart. Right now I don't see any change in the UP trend.
Dan