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.
Friday, June 11, 2010
Intraday $RUT trendline
Overall, a nice trendline...but you can see where I got stopped out, where it briefly broke...
Hi Anonymous, I've just been running the numbers, and I suspect Monday (tomorrow) to be a down day, maybe significantly. Then I expect over the next week for the $SPX to get close to it's 50% retrace from the April 26th high to the 6/8/10 low, and the $RUT to come close to it's 62% Fib retrace...Then a slow roll over from that top, not as fast as a drop as we've seen lately......Timewise, the top could be anywhere from next Friday (6-18-10) to the following Tuesday (6-22-10)...Of course normal disclaimers apply as everything I do is experimental..
Yes, I was following the market action as I was writing the latest post..This rally still has some oomph in it...I was toying with the idea of going long with the right entry point, but I would have wanted a real low entry point and that didn't materialize...We're both frustrated here...
Overall, a nice trendline...but you can see where I got stopped out, where it briefly broke...
5 comments:
Hi Anonymous,
I've just been running the numbers, and I suspect Monday (tomorrow) to be a down day, maybe significantly. Then I expect over the next week for the $SPX to get close to it's 50% retrace from the April 26th high to the 6/8/10 low, and the $RUT to come close to it's 62% Fib retrace...Then a slow roll over from that top, not as fast as a drop as we've seen lately......Timewise, the top could be anywhere from next Friday (6-18-10) to the following Tuesday (6-22-10)...Of course normal disclaimers apply as everything I do is experimental..
Good Luck..
Mark
Anonymous,
for some reason I deleted a redundant comment of mine, and it killed yours too...Google has some bugs to remove I'd say..
Mark
Hey Mark,
Just shorted index, $SPX @ 1101
We'll see.
RE lost post: did you get a chance to read / consider the "swan" potential concerning new circuit breaker rules?
regards,
Mark,
covered at 2:08 and :09pm
originally shorted at 10:21 and :22
small gain
it was taking too long to get going.
regards,
Hi Anonymous,
Yes, I was following the market action as I was writing the latest post..This rally still has some oomph in it...I was toying with the idea of going long with the right entry point, but I would have wanted a real low entry point and that didn't materialize...We're both frustrated here...
Mark
Post a Comment