The home of the innovation of the Logarithm of Time as applied to the Markets.
We also watch for and correlate with major Bradley dates and Fibonacci Time and Price sequences.
Thursday, April 10, 2008
Volume failure, right shoulder completing
While the $NDX bumps around the 62% retrace level, the Transports ($TRAN) barely is managing the 38% retrace after it's over 3% drubbing yesterday...
Hi Lag, This is a tricky market to be sure...I think a lot of people are looking at weekly charts showing MACD turning up and drawing their conclusions from that..If it wasn't for a few tricks I know, I'd think we were starting a big run up also....
Hi Mark, It seems you toyed around with TA more than a cuple of years. Btw, I have 4/27 as Bradley swing-day. Sunday. Bad luck! Your date fits better. Thanx for sharing your excellent work. best rgrds
I would mention also that the $SPX might form a huge Head and Shoulders pattern using the lows of 6/18/06 and 7/18/06 as the "neckline" ..so another timing strategy might be to look for "new lows" on daily, to spike if we get in that price range. That of course will put as below the more recent lows and take us to 1220ish...Then the rally everyone is anticipating might happen...
8 comments:
Mark
for what its worth I bought back 1/3 of funds into TWM and QID today. I dont show this downturn over either
Hi Lag,
This is a tricky market to be sure...I think a lot of people are looking at weekly charts showing MACD turning up and drawing their conclusions from that..If it wasn't for a few tricks I know, I'd think we were starting a big run up also....
Regards and good trading,
Mark L.
Hi Mark,
So SPX1250-ish here we go. How fast? A few days fast& painless or the most of the second part of April in small steps?
rgrds
Hi cezarfi,
I see another Bradley turn date around the end of the month (4/29 or so)...I suspect we'll make another bottom around that date.
Not a hard and fast prediction by any means, but reasonable given the trendlines and that the 10 week cycle bottoms a few days after that...
Regards,
Mark L.
Thanks for your work, Mark. You and Boris sure help. Keep up the great work! I'm curious about your timeline for SPX 1250ish as well.
Mark
Mark,
thanx for everything
old john
Hi Mark,
It seems you toyed around with TA more than a cuple of years. Btw, I have 4/27 as Bradley swing-day. Sunday. Bad luck! Your date fits better. Thanx for sharing your excellent work.
best rgrds
Thanks for the support guys!
I would mention also that the $SPX might form a huge Head and Shoulders pattern using the lows of 6/18/06 and 7/18/06 as the "neckline" ..so another timing strategy might be to look for "new lows" on daily, to spike if we get in that price range. That of course will put as below the more recent lows and take us to 1220ish...Then the rally everyone is anticipating might happen...
Regards,
Mark L.
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