Monday, March 15, 2010

Top is probably in... (3/12/10)

I do comparisons of node strike dates on waves as they are forming, and using the data from the November and March lows, you can run exponential nodes from different wave series and see what dates are in common.

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:

waldo said...

Hi Mark, are you saying a temporary top or the top for the rest of the year. Thanks as always, waldo

mlytle said...

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.

hannahzzz said...

Should be a May top still coming, imo.