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.
Friday, October 23, 2009
Macro nodes and trendline for $SPX, using 10/10/02, 3/5/04, and 10/11/07 as seed dates.
Seed dates used, yield a turn date of 10/28/09 for 1.382 Base, Node 0.500, on Node_Range_calc2 spreadsheet. Also, showing turn date of 11/04/09, for 1.317 Base, Node 0.960.
Also, your graph 1.382 Crossover showing: *price recently crossing above 1.382 decay Trend Line. * price poised to cross Node 0.500. Crossing 0.500 indicates a potential price turn. Question: when price crossed above 1.382 decay Trend Line, what does that tell us? Also, since price is above that Trend Line, does the Trend Line exert any influence on price now?
Bill, Trendlines are almost always penetrated slightly before they do their job..There is a point where they have gone well beyond that, and that's a breakout.
Mark:Chart $SPX1 Exponetial Trendlines by Date chart: * legend shows all trend lines as "decay". * 'orange' trend line shown as 1.317 basis/1.382 slope (decay) should be 1.317 basis/1.272 (growth)? and * 'magenta' trend line shown as 1.382 basis/1.382 slope (decay) is labeled correct.
Am I correct on my take on the charts?
I used the $SPX Exponential Trend Analysis spreadsheet as validation.
5 comments:
Hi Mark, here is something to watch this weekend. Very interesting. waldo. http://www.pbs.org/wgbh/pages/frontline/warning/view/
Hi Waldo,
Just watched it, very good indeed!
Regards,
Mark L.
Seed dates used, yield a turn date of 10/28/09 for 1.382 Base, Node 0.500, on Node_Range_calc2 spreadsheet. Also, showing turn date of 11/04/09, for 1.317 Base, Node 0.960.
Also, your graph 1.382 Crossover showing:
*price recently crossing above 1.382 decay Trend Line.
* price poised to cross Node 0.500.
Crossing 0.500 indicates a potential price turn.
Question: when price crossed above 1.382 decay Trend Line, what does that tell us? Also, since price is above that Trend Line, does the Trend Line exert any influence on price now?
Bill,
Trendlines are almost always penetrated slightly before they do their job..There is a point where they have gone well beyond that, and that's a breakout.
I don't think we've seen that yet....
Regards,
Mark L.
Mark:Chart $SPX1 Exponetial Trendlines by Date chart:
* legend shows all trend lines as "decay".
* 'orange' trend line shown as 1.317 basis/1.382 slope (decay) should be 1.317 basis/1.272 (growth)?
and
* 'magenta' trend line shown as 1.382 basis/1.382 slope (decay) is labeled correct.
Am I correct on my take on the charts?
I used the $SPX Exponential Trend Analysis spreadsheet as validation.
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