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.
Wednesday, July 23, 2008
Markets are in an odd state..
Currently we have $trin and $CPC closer to what you see at tops, although many breadth indicators are oversold. I originally conceived the 7/21/08 date as a bottom, and I think perhaps the manipulation of the naked shorting rule started the rally a little early. That said, I am out of this market for the time being. I will re-short once I'm sure this market knows which way it's going...and obviously after it has worked off it's oversold condition...
Subscribe to:
Post Comments (Atom)
3 comments:
I have a few indicators going back 2yrs that made it into new extremes
Hi Mark,
OEW is has is up to 1287 then down to 1240 then up over 1300 or so.
Hi guys,
I think we're just thrashing here..it may take until a little ways into August for the market to finish this process...
Mark
Post a Comment