Over the past month we have waited patiently in the hope and expectation the S&P 500 would experience a decline to new recent lows. If the double bottom is broken in the September S&P 500 followed by a reversal higher, we will be issuing a buy signal to enter speculative long positions in anticipation of a continuation of the long-term bull market.
In addition, the July heating oil (projected to be the strong sister in the energy complex) is likely in a potentially bullish position. If the stock market reverses higher, this market should lead the energy complex higher.
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Wed, Jun 9, 2010
June 9th, 2010 at 2:10 pm
Sp 06/10/2010 will be 10277 days from Original Trade Date
which is 52.0625 division on the Gann Square
Price equates to 10251 for completion of the 52 division with
the 52.0625 price hitting at 10277. Will be interesting to see
if the market can get through those levels
Paul K
June 9th, 2010 at 3:03 pm
you are completely wrong we are in a bear market. the low of 6589 will be taken out. cash and gold that is all. you should subcribe to richard russell