Are we there (the bottom) yet? Part 4

...cont'd from yesterday...

Looking at prior lows, I notice that price of the S&P in October is almost at the lows seen in 2002-3, but that there is considerable distance to the even lower lows of 1996 or before that the congestion bars at the 1994 low. In any event, there isn’t yet any Head and Shoulder, Triangle or Double/Triple Bottom yet, which means that the market is not going to be headed upwards any time soon. The market is likely to just either go sideways for many more months or go further down for many more months.

...back in two weeks, October 27, 2008...

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