Monday, June 15, 2009

$NDX long term charts




Here, like the $SPX you see a crossover pending (scheduled for 7/2/09, close to the $SPX) but right at a major node already (.514), unlike the $SPX. So there is agreement on the less powerful crossover warning, but little agreement between indexes on major node timing, near term. Somehow I feel the Bradley date ties in to this, and may be the final arbiter of this rally's end...
The secondary nodes on this chart are 'young', in the vicinity of .28 to .38 or it would fall out of bed right away.
On 7/15/09, the secondary nodes on this chart hit around .484, close enough to .500 to let it drop...

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