2009

WallStArb's picture

S&P 2003 vs 2009 - anyone else see a repeating pattern so far?

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About 3 weeks ago I happened to be doing some research and noticed a strikign similarity between the crash and rebound in 2003 to whats happeend in 2009 (so far).

2 weeks ago we expected the HIGH of this leg to be set on Thursday/Friday Aug 27/28 and the Botton to be set 3 or 4 trading days after on Weds/Thurs Sept 2/3 --> I expect a slow grind higher and the TOP of this leg to be set in about 2 weeks on Sept 17th - the day before OPTION EXPIRATION. We would expect a move maybe 1% - 2% or so higher then previous highs - possible a little higher as the angle of this rally is steeeper so pullback and breakout should be equally steep.

SPY - 2003 vs 2009
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