Close To The Market Peak (edited)

SP:SPX   S&P 500 Index
1153 1 4
After markets reached multi year highs many investors are nervous about future gains. On the base of one old and forgotten method used by Nikolas Darvas we have pretty accurate tool for timing and target setting. So called Box trading system is a bit justified compared to the original one and uses the 200 day MA breakout as buy signal.

The chart suggest that the boxes have relatively equal height and duration. So if the pattern is to be repeated again calculations show that the target of 1553.43 should be reached at Feb end or beginning of March, some 20 days from now.

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Best CH            
nice chart, my CLONING method is related somewhat to Darvas boxes
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