The home of the innovation of the Logarithm of Time as applied to the Markets.
We also watch for and correlate with major Bradley dates and Fibonacci Time and Price sequences.
Hi Hopper,Yes, I do project them, but there are quite a few, and it all depends on which of many tracks the market decides to take...If you refer back to one of my 'microtrendlines' postings, I never know in advance which of all of those trendlines will be the chosen one or two the market will follow, out of about 8 that are generated from each potential A-B-C pattern in the previous wave. After a couple of weeks or so, I will update the microtrendlines for the indexes based on the rise from the March '09 low, and I'll send you a copy of the spreadsheets if you like, you can experiment with it.....The main trading point seems to be that once the market has selected one or two of those as a support levels along it's path, it tends to stay with them quite a while, unless something external in the economy 'blows up'(like derivatives)...These points are missed on most observers because they keep drawing 'straight' trendlines (they work well on shorter time frames)..which get frustrating in a long, arcing market such as we have had recently, but are captured almost perfectly by the exponential trendlines...We should see some spectacular non-linear trendline action this year, as the banks are sure to get into trouble again, and the congressmen currently interrogating the Goldman boys are unwittingly backing themselves into a corner...Imagine attempting to give these bankers another bailout in a derivatives meltdown in the near future after they have been already exposed and ridiculed by Congress as fraudsters...I foresee a locked and clownish congress during the next panic, not even being able to pretend to know what to do...Then we might have our 'no confidence' currency meltdown...Strange, but fun to watch, in a way...Regards,Mark
Hi Hopper,My apologies, I'm experimenting with the new Google Browser, Chrome, and in trying to delete a duplicate post of mine, I accidently deleted yours...I will send you a copy of the spreadsheets as soon as I have them...Regards,Mark L.
Hopper said...Hi Mark,Looking at fibo price levels from march low to '07 high:1228 is .618so we may have another go to try to reach this level, if we go above it... get out of any shorts.If we start to go down... we probably will hit a fibo price level.1121 is .51014 is .382881 is .236etc.I was wondering if you project your trend lines, when do they cross these levels?Cheers,
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