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:

  1. johnFebruary 23, 2008 at 8:53 PM

    Mark,

    Educated guess on which way of the break?

    old john

    ReplyDelete
  2. mlytleFebruary 23, 2008 at 10:25 PM

    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.

    ReplyDelete

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