Sunday, August 14, 2011

Now vs June July 2008

Click charts to enlarge

We do have the June July 2008 look. If that is the case then we should bounce around for the next 15/20 TD's before we plunge again. Target could be 1192 to 1222 Spx.

On this chart you see 5 years of support resistance in this area.

When things get bad a back based review helps ( 5years)