Monday, October 6, 2008

$NDX with trendlines generated from new pivots..



Okay, experimentally, here are trendlines generated off of pivots that go back to the low of 2002..Let's see if they hold..looks like a bounce is possible based on this chart. On this set of new parameters, we are very close to a 1/8 node (.125) as you can see..we'll see what happens next...

2 comments:

Anonymous said...

geeez Mark,

with the NDX close at 1329, did your new chart just get obsoleted?

wow!

mlytle said...

Hi Anonymous,
yep, looks like it did...

I may have to go back to 1974 to find the earlier, deeper pivots that might contain this thing...

Mark L.