Friday, January 15, 2010

Another interesting timing clue...

I don't need a chart to say this, the amount of time that the $NDX has spent rallying from the March '09 lows, as of 1/08/10, was exactly .618% of the duration of the crash from Oct '07 to that March low. We are only a few trading days beyond that, so it would still qualify as a Fibonacci turn if the markets broke down here. This is in addition to the exponential nodes we have just seen hit over the last two and a half weeks. So things are not happy today in the markets, and it bears watching, as change could be coming....

2 comments:

Hopper said...

Hi Mark,

We are supposse to be in a wave 5 up... that would agree with the timing clue.


Cheers,

QUALITY STOCKS UNDER FIVE DOLLARS said...

Timing is everything.