Replies to post #134684 on ajtj99's Market Pulse

[sylvester80]

Just watch the criminals close the SPX market right at 850.

[ItsAllCyclical]

The chart from the original message that I replied to showed just 1 pt from the 2004 lows to the present for the trendline vs the chart in the current message makes it look like all the lows from 2004 align. Will be interesting if 835 provides any support. Again thanks for the charts. When you get multiple pts from the 2004 aligning then I agree it can have some significance. Although I would expect any bounce to be somewhat temporary. I can't imagine breaking lows and not ultimately testing the 2002 lows in the S&P w/them being so close (assuming a breakdown).

I typically just stick w/log.