Thursday, May 7, 2009

Closeup of the rally on $SPX...





This is a closeup of the "second order" trendlines on the $SPX rally. On this time scale, as you can see, we are just passing the .25 nodes now. It's uncommon for a swing to end at the .25 nodes, though you can have corrections here...Since the usual minimum node for an ending is .500 or so, this rally has quite a ways to go, timewise...

So where are the .500 nodes in time? Here they are: 6/25/09,7/15/09,and 8/13/09 for the 1.272, Average, and 1.382 nodes, respectively. There is also a major Bradley date on July 15, 2009. Coincidence?

1 comment:

Hopper said...

Thank-you Mark