Monday, September 16, 2013

Charts 09-16: Final rally channel?

Dropping all of the chart numbering for a second ... returning to a simple channel from the recent low.

On this chart, it's got GREEN lines.

Project it up ... so ... can we make my target EOW?

SPX 09-16 a.m. - final rally channel?

5 comments:

Anonymous said...

non-chart question - how do I gent "invited" to view the permabeardoomster blog? No problem until today. Thanks in advance and now back to regular programming.....

christiangustafson said...

Oh heck, I don't know!

You're right, though, she's gone dark.

I don't have an invite myself. I guess we'll just have to do the best we can until then, and pray that Doomie opens up his blog again or invites us back into his world.

I'd settle for SPX 1751 for a Friday close into the German elections.

This old top-target idea:

A = (1343 - 666) = 677 pts
C = 1074 + 677 = 1751

There's a trendline from a couple of the recent peaks in this tape that points right to 1751 on Friday.

Permabear Doomster -- hope everything is swell with you. I'm always at cgustafson@gmail.com if you need anything.

At this point, we can only wait ... and pray ...

christiangustafson said...

Hey hey!

Permabear Doomster is back.

I washed myself and fasted. I cut a calf. And I prayed.

And it worked! It really did.

christiangustafson said...

Yellen is a perfect summer-of-1946 Baby Boomer.

She has to be in for the endgame.

Please look after my hometown of Rockton, Illinois, if you can. Winnebago County tends to have a rough time of it.

sooner said...

Nice call on the bounce CG!