° Not a prediction, just a big If. The upper trend line rises from the 1994 bottom that led to the great Greenspan blow-off; the S&P can fall another 15% from current levels (127) without interrupting the secular bull market. The lower trend line rises from the 1982 secular bottom; the S&P can even fall to this level (85 something) without terminating the secular bull market.
° But if the S&P should eventually rupture even the lower level, it will set up a secular double top at 155.
° It would be the end of the world as Americans know it. Time to relocate to that $30,000 condo with maid service and Quechua organic veggies in Ecuador.--Giac
° But if the S&P should eventually rupture even the lower level, it will set up a secular double top at 155.
° It would be the end of the world as Americans know it. Time to relocate to that $30,000 condo with maid service and Quechua organic veggies in Ecuador.--Giac
Chart drawn with software from Ultra Financial Services.
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