Friday, February 26, 2010

So far, the markets are behaving as though January was an important top...


As you can see in this case with the $NDX, normal exponential trendlines generated from the March '09 bottom to the presumed January '10 top are being respected...People making a bullish case can do so, but only if the magenta trendlines on both of these graphs are exceeded by quite a bit more than what you see here....

1 comment:

Pat Radomsky said...

Mark - you have to call me on this one! I think you are off the mark - no pun intended! Call me!