Wednesday, February 13, 2008

The $SPX and $NDX are both at 1.000 Exponential Time Nodes from the last swing down...The rally is probably over!


The .500 , 1.000 and 1.5000 are the most potent Exponential Time Nodes for trend change, and all the more so when more than one index shows up at one of these time points at the same time...As if the two previous images needed reinforcing (they don't!) this is another nail in the coffin of this current rally.....Notice how the price action respects the Exponential Trendlines....Also trend changes occur not only when trendlines are touched, but places where trendlines cross (notice the yellow and red trendlines crossing, and the effect on Price) are also periods of time to watch for...

2 comments:

John said...

mark,

thanx

learned quite a bit over the last 8 months, still have a long way to go.

old john

John said...

Mark,

Nice call

old john