Sunday, March 7, 2010

Russell 2000 has close, but not overlapping, major nodes...




The double $NDX node falls on the 11th of March, the two nodes shown on this chart are 3/9/09 for the red 1.00 node line, and 3/23/10 for the blue 1.00 node line. Obviously the $NDX double node fits between the red and blue lines on this chart....A lot of reinforcement for a relatively small time span...

1 comment:

Hopper said...

Hi Mark,

http://www.businessinsider.com/charts-of-the-week-why-this-market-needs-cheap-money-to-keep-on-rallying-2010-3

when is the next rate increase?

Cheers