Tuesday, August 11, 2009

I will have some new charts sometime tomarrow...


The market has been hanging for about a week, so the exponential charts showed nothing. Now they're starting to move, which gives us something to look at....

Here's a preview of the $SPX, you can see the .500 node (actual, .50677) and the failure at the red downsloping trendline, which is what I thought might happen...The error here is .50677/.50000 which is 1.01354, or a 1.354% error. Not as good as I thought earlier, but clearly still pretty close....

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