Playing with OPEN,HIGH,LOW,CLOSE data, and Standard Deviations, I have come up with this raw chart. This might be an image I can find regular cycles in. Or perhaps, one of you out there can print it off and find them also....Sort of a challenge...If you are perhaps interested, email me and I will send you the data that generated this chart....
P.S. It is sort of interesting that from the fall of 2007 onwards, big spikes in this graph mostly correspond to major market tops...Looks to me like maybe we just had another one of those...
2 comments:
Hi Mark, I am not sure about short term cycles but we do have a 20 year cycle low sometime in 2010. Also tony caldaro is a elliot wave analysis and he is calling for primary wave b to end around the 1041 area and another cycle analysis said that 1018 may be it but could get one more push higher. There has been no volume this summer when I had time to look so it might be the super computers fighting it out. waldo
Hi Waldo,
Any thing's possible, but the huge resistance of trendlines, both normal and exponential, and fib retracement ratios and weekly Bollinger Bands, are all still directly overhead..
I tend to view this as a retest of a set of levels that the market is not destined to get through, but we'll see...
Regards,
Mark L.
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