Replies to post #39044 on Abet Chichi2 (Chichi2)

[chichi2]

i think i see why we are out of sych, my quess is>>
you are thinking $INDU numbers
and i usually think in SPY or $SPX numbers

$SPX peaked in 950-956 area and a drop to 777 is over 60%
i do not off-hand know where $INDU peaked but i suggest
that is why our arithmetic focuses on the wrong rt shoulder
depth, it is my fault as i jumped into the middle of your discussion with b42.

on the authors chart, he was proposing equal shoulders on $spx chart would be 777. on your chart that number would be even lower on $indu without relooking at your chart i would guess it to be where you have your dashed line or it. i think it was in 7500 area. it is that depth, that i do not think necessary.