Thursday, January 17, 2013

Charts 01-17: Is tomorrow 10/11/2007?

On October 11, 2007, the markets opened up, gained 12 pts on the SPX, and declined 30.

We closed at 1480 today.  The weekly top Bollinger is 12 pts up at 1492.  This is also the edge of the channel formed with the 2002 and 2009 lows, and the 2007 high.

Will we drop to 1462 tomorrow?

Big SPX channel

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