Friday, May 30, 2008

Three trendline charts for $NDX...





All of these charts, using various combinations of previous pivots, are suggesting a top is now in..The second chart shows a double trendline crossover, which is a pretty powerful trend change warning...

4 comments:

lagscrew said...

Mark

My indicators if they turn now will have a lower top which has been happening a lot in this Bear

If monday and or Tuesday is up They will be maxed again or very close. the worse case would be for them to bounce up and down till what most think is the turn on Friday---I think we turn sooner

lagscrew said...

Hope your move wasnt to bad as I doubt I will do it again.

Pain in the Ass--They will be adding on to our house for a bigger kitchen soon --I dread that

mlytle said...

Hi Lag,
I'm recovering here...moved both days this weekend, with just a little left to pick up....tired, but as you say, it's a total pain..glad it's mostly over...

Regards,
Mark L.

john said...

Mark,

Nice call

old john