Two different wave counts for the rally in the $NDX gives you these dates (click to enlarge):

For the comparison between The $RUT and $INDU you get this:

Without showing you all of these (it's a bit tedious) , 3/12/10 showed up on most of them. This includes comparisons of the $SPX against the $INDU (Dow) and against the $TRAN (transportation index) , $NDX, and the $RUT....
This made a lot of sense given the double node warning on 3/11/10, taken from a much larger time scale, on the $NDX.
Did I do this analysis for the January high? No. The Christmas to NewYears's period has so much emotion associated with it, that it probably wouldn't have worked for a 'fine tuning' of date targets, which is what these spreadsheets represent...
3 comments:
Hi Mark, are you saying a temporary top or the top for the rest of the year. Thanks as always, waldo
Hi Waldo,
Given the huge negative divergences we're seeing on weekly charts, I wouldn't be surprised if this is the top for a long time...But first we have to clear some previous lows...we need verification....
Regards,
Mark L.
Should be a May top still coming, imo.
Post a Comment