claydoctor

SPX500 2008 and now thoughts

Short
FX:SPX500   S&P 500 Index
0
Was reading and old blog post by Bulkowski, day blog red vertical line. He did not trust when it broke out to the upside of its triangle then. But the market had already moved down significantly, establishing the down trend, which confirmed his mistrust. The pin action then is so very similar to now, and the previous 6 months. The symmetrical trinagle we are in now, is similar to then, and I am guessing at first glance, if I am right, and IF, IF, IF (big ifs) we repeat in similar fashion, suggesting we are at the green vertical now. Posting another chart to tie in these thoughts next.
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