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:
mark,
thanx
learned quite a bit over the last 8 months, still have a long way to go.
old john
Mark,
Nice call
old john
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