Saturday, February 23, 2008

February 29-March 3 decline starts here?

There are a bunch of Fibonacci and Exponential time nodes that align with the days either side of March 1st. Since that happens to be a 10 week cycle bottom, I conceived that as a bottom in the market, up to a couple of days ago. It is now clear something else is going on, I now expect that to be the day of a breakdown out of a symmetrical triangle...Watch for this....

2 comments:

john said...

Mark,

Educated guess on which way of the break?

old john

mlytle said...

Hi John,
I still think we're going down....but the dates around March 1st may be the beginning of the decline rather than the end of it, as I thought last week...

Regards,
Mark L.