I originally posted this article using the math of 400 points (e.g., 400 ÷ 2400 = .16666) resulting in 17% for the example in the S&P. It should have been 300 at about 13%. (e.g., 300 ÷ 2400 = .125) I mistakenly used the lower bar of July (which was about 2000 points give or take) rather than the November low by mistake when typing. The post has since been updated. Yet, whether 13 or 17 doesn’t change the content or implications I made. The Dow at 3000 points and the NDX at 1000 are correct and have not been changed. Any misspellings or other typos? Well – that’s another matter entirely.
© 2017 Mark St.Cyr