More targets…more targets than a pincushion…

Posted on Nov 12, 2012 by in Letters

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p18894193176&a=214966864

As we have previously noted, the forrmation from early September to late October has a toppy aspect.   We measured the depth and came up with 77 points, subtracted from the bottom, 1397, gives us a potential target of 1320.  We have marked it on the chart.

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