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.
Saturday, June 21, 2008
Friday's $NDX and $SPX action...
I suspect we do have a crash scenerio here, volume increased on the down day Friday. We are now real close to .500 node(on the $NDX) and stochastics are rolling over...
Hello all, Yes I still get a 7/21/08 turn date, which I assume is some kind of intermediate bottom, although I get also a strong signal around the last week of October, which is probably the end of the downmove just starting (not the bear market bottom of course, I think that is over a decade away)
As for one more bounce, possibly, but I don't expect it to retrace all of friday's move, perhaps only a piece of it, we'll see..
4 comments:
Mark,
So far so good. Do your numbers still show a possible low toward the end of July?
Looks like we may get small rallies along the way, but selling looks to be the play
Don't you see one final bounce to take it up and fail miserably?
I suspect we may see a short/hard rally in this week and a fail?
Mark,
thanx again
old john
Hello all,
Yes I still get a 7/21/08 turn date, which I assume is some kind of intermediate bottom, although I get also a strong signal around the last week of October, which is probably the end of the downmove just starting (not the bear market bottom of course, I think that is over a decade away)
As for one more bounce, possibly, but I don't expect it to retrace all of friday's move, perhaps only a piece of it, we'll see..
Regards,
Mark L.
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