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.
Monday, August 18, 2008
Bobbing around the top
Recently, declines have met the smaller ascending curved trendlines and then bounced, in order to make another run higher, as shown by the arrows. Will it do it again to give us a final top, near the end of the week, or is it already over, i.e. will a failure take prices below the ascending curved trendlines?
I noticed $TRIN got rather high today, which argues, I believe, for another bounce...
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1 comment:
Mark,
thanx again
old john
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