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, May 21, 2009
$SPX testing uptrend line...
Although the node characteristics are favorable, caution should be exercised as the current trendline is being retested...Should this trendline fail (and it might) there are a couple trendlines below the current one. With node readings around .27 to just under .37, it would be very unusual for the whole rally to come apart this soon.