Tuesday, October 21, 2014

NYSE rallies back to circa 38% retrace............

NYSE Daily Chart @ Close 10/20/2014
Thus far the Counter- Rally has nearly retraced 38% of losses since the early September High.
Any signs of Indecision here to be noted; though NOT favored as a more formidable 62% retrace the likely 'path' before we witness just what exactly this Correction has install for us.
A cursory & timely glance back to a late 2007- early 2008 Weekly Chart for the S&P500 would be time well spent.