Saturday, February 23, 2008
February 29-March 3 decline starts here?
There are a bunch of Fibonacci and Exponential time nodes that align with the days either side of March 1st. Since that happens to be a 10 week cycle bottom, I conceived that as a bottom in the market, up to a couple of days ago. It is now clear something else is going on, I now expect that to be the day of a breakdown out of a symmetrical triangle...Watch for this....
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2 comments:
Mark,
Educated guess on which way of the break?
old john
Hi John,
I still think we're going down....but the dates around March 1st may be the beginning of the decline rather than the end of it, as I thought last week...
Regards,
Mark L.
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