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...
at

3 comments:

  1. johnOctober 27, 2008 at 6:07 PM

    Mark,

    thanx

    New Moon soon

    old john

    ReplyDelete
  2. lagscrewOctober 28, 2008 at 10:19 AM

    love your show

    Im showing extreme lows on my indicators where we were on the 24th and 27th

    ReplyDelete
  3. mlytleOctober 28, 2008 at 12:31 PM

    Hi guys..

    Good Luck out there!

    Best,
    Mark L.

    ReplyDelete

Note: Only a member of this blog may post a comment.