Posted by frtaylor on 20th of May 2012 at 09:14 am
If the past S&P price action is any guide (June 2010, Aug
2011), on a daily chart we may get a
higherlow after the initial bounce, then a higher high vs.
the initial bounce. The lower low would be after all that.
I'm also keeping in mind the Democratic Presidential re-election
stats in which the markets would make a new high in June vs. the
April high. If that happens we won't see a lower low for quite a
few weeks.
If the past S&P price
Correction Low Maybe Weeks Away.
Posted by frtaylor on 20th of May 2012 at 09:14 am
If the past S&P price action is any guide (June 2010, Aug 2011), on a daily chart we may get a higherlow after the initial bounce, then a higher high vs. the initial bounce. The lower low would be after all that.
I'm also keeping in mind the Democratic Presidential re-election stats in which the markets would make a new high in June vs. the April high. If that happens we won't see a lower low for quite a few weeks.
A higher high once the market figures out....
Posted by zach06 on 20th of May 2012 at 08:12 pm
there will be no Democratic Reelection if I have anything to do with it.