Monday, October 6, 2008

$NDX with trendlines generated from new pivots..



Okay, experimentally, here are trendlines generated off of pivots that go back to the low of 2002..Let's see if they hold..looks like a bounce is possible based on this chart. On this set of new parameters, we are very close to a 1/8 node (.125) as you can see..we'll see what happens next...
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2 comments:

  1. AnonymousOctober 7, 2008 at 3:35 PM

    geeez Mark,

    with the NDX close at 1329, did your new chart just get obsoleted?

    wow!

    ReplyDelete
  2. mlytleOctober 7, 2008 at 5:55 PM

    Hi Anonymous,
    yep, looks like it did...

    I may have to go back to 1974 to find the earlier, deeper pivots that might contain this thing...

    Mark L.

    ReplyDelete

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