InvestorsHub Logo

snootmagruder

08/17/22 1:31 PM

#10006 RE: RCKS #10005

RCKS,
I put together a chart of the 2008-9 drop and although it's much larger than what we have current, the wave pattern starts out very close then has a divergence I note in the rectangle of two waves missing that changes the pattern significantly and explains why I think we need another low. top chart 2008, lower chart current. Let me know if I made it clear, it's a bit rushed and messy.
http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&st=2007-03-01&en=2009-08-05&i=p13576795422&a=1228569265&r=1660757167761
http://stockcharts.com/c-sc/sc?s=%24SPX&p=60&st=2020-03-02&en=2023-06-01&i=p37096076285&a=256257406&r=1660756412368