Technical Analysis why lows of 10/10/08 is very important

10/16/08

This is only my observation:

1. Dow all time high 10/11/2007 and recent low 10/10/2008 and is exactly one year span time
2. The date 10/10/2008 is falling in 144 calender days after recent rally high from 5/19/08
144=12*12, also 144=55+89 ( Fibonacci series number )
3. Also, 10/10/2008 is also exactly 2 months span time from highs at 8/11/2008

By study point wise drop from S&P index:

1.Since 10/11/07 high 1576 to 10/10/2008, it keep going down 365 days, so 1576-365*2=846
2.Since 5/19/08 high 1440 to 10/10/2008, going down 144 days, so 1440-144*4=864 ( real drop 600 points)
3. Compare with 10/11/2007 high, 7/15/2008 low (1200), so 1200-(1576-1200)=824
4. Compare with 5/19/2008 high (1440), 9/18/08 low (1133.5),so 1133.5-(1440-1133.5)=827

By compare point 845 to 840 lows
5.Compare 5/19/2008 high (1440), 7/15/2008 low (1200), so 1200-(1440-1200)*1.5=840

Somehow, S&P 840 area is very important level to act as midterm support.

Now, here is important date to see:

1. 10/28/08-11/7/08, more important before 11/3/08
2.11/21/08
3.12/4/08-12/10/08
4. 1/2/09-1/7/09