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, October 27, 2008
Positive divergence builds on $NDX...
In conjunction with the most recent and promising Exponential chart posted Saturday (see below), this conventional chart is showing good positive divergence with the price action on Stochastics,and MACD looks ready to cross-over positively...
Also from 10/31/07 to 3/17/08 is 99 trading days, from 3/17/08 to 10/27/08 is 161 trading days. Very close to Fibonacci on time...that is, the duration of waves 2 and 3 combined is very close currently, to 1.618 times the duration of wave 1...
Note also that the height from wave 2 down to wave 3's termination is approaching a 1.618 ratio of wave 1, which occurs at a price of 1132.5...
Subscribe to:
Post Comments (Atom)
3 comments:
Mark,
thanx
New Moon soon
old john
love your show
Im showing extreme lows on my indicators where we were on the 24th and 27th
Hi guys..
Good Luck out there!
Best,
Mark L.
Post a Comment