just looking at the NYSE weekly chart and we are 37 weeks from the high (36 is a Gann number) The decline was 22 weeks and the rally has been 15 (close enough to be a fib retracement/relationship ?) We need next week's candle to be a reversal and close below last week's low to trigger a sell signal.We haven't taken out the October high (non-confirmation of the S&P and Dow) Fib resistance 7838
Saturday, 21 January 2012
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