Ron Jaenisch's  Instablog

Ron Jaenisch
Send Message
A personal student of Dr. Andrews of Median Line fame. Has articles published in several magazines including Stocks and Commodities, Futures and Traders World. For over 10 years has been trading and teaching the Advanced Andrews Course at and
My company:
My blog:
My book:
Advanced Andrews Course Manual
  • How Long Will This Market Down Move Last? 0 comments
    Dec 4, 2013 2:44 PM | about stocks: SPY

    In the past two years, corrections in the S&P were short and sweet. And once again the market appears to be in a correction. At this point many would ask the question ....why?

    The answer is very straight forward. The top has a very similar pattern to the two other important tops, the last of which occurred was in 2007.

    The discussion in the precisiontrader discussion group prior to the top was of the Dow making it to 16182, a Fibonacci number. However the market made it to a value that was 44 points short of that number.

    Since the market reversed at the correct geometric point, its good enough as they say.

    What happens next?.......does it go up for new highs and make it to the next reversal target which is about 8% higher?

    Does the market go down until the end of the summer and then decide what to do next, after knowing more about the midterm election results?

    Does it keep going down until 2017?

    Time will tell

    Stocks: SPY
Back To Ron Jaenisch's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.