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Alt 31-08-2007, 15:58   #1536
Benjamin
TBB Family
 
Registriert seit: Mar 2004
Beiträge: 10.374
August 31 2007

http://www.mclarenreport.net.au/arti...box/Page1.html

This index, through out its entire history of trading has been dominated by 45 calendar vibrations . We just went through a 90/135 expiration that resulted in a fast move down. Now the next 45 increment comes out Sunday through Wednesday. The time cycles represent a probability, the reality is what is on the price chart and that reality is not clear.

If there is another weak rally attempt for another day or two and the index remains around the 1464 level it is vulnerable to a run down.

If it moves above last weeks high it could also be vulnerable to a sharp run down but the magnitude of the move down is in doubt for some obvious technical reasons:
- First, the stock indexes have hit a lot of extremes in many technical categories that offer a probability of temporarily aborting the trend down.
- The move down held the March low and that sets up the probability of a larger sideways pattern.
- Technically when an index shows a horizontal low the probability exist for a test of the previous high.
- And lastly, the rally has retraced well above the lows established on the 6th of August and is a surprising display and takes a lot strength out of the trend down.
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