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.
Tuesday, April 8, 2008
Long term "regular" view of $NDX
So my view is, short to intermediate term, we fall, hit another bottom and in a general way make our way towards the end of this big wedge, and out there somewhere, break out of the pinch effect of the wedge and produce a respectable rally, probably bigger than the one just completed. When that will happen is speculation at this point, but the parameters of this wedge gives us some intuition on this, and we can follow it as it develops....
On a side note, notice the "fast volatility" indicator is at an extreme(low), usually a good indicator of tops when Stochastics is also high...
The crossover date of the two downward sloping trendlines is at 9/02/08 at 1556. Read the caveats on the post above...
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3 comments:
Mark,
thanx, I do not always comment but I always read with interest.
old john
Hi John,
Thanks for dropping in...I hope this is useful to everyone..
Regards,
Mark L.
Mark
Very useful--staying short and can still short a little more
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