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.
Saturday, December 6, 2008
United States Oil (USO)...
Note that USO is at a .500 node (top spreadsheet chart and the "x" axis label value that's most recent) and also at a crossover (bottom chart). Further the "C" wave of the up move preceding this chart also has a 1.00 node on Monday the 9th of December (on a chart that is not shown). Unless fundamentals firmly say otherwise, USO should bottom in the next couple of trading days...
On the top spreadsheet chart, notice the .250 node was a minor bottom...
Note that the Bigcharts hourly chart is showing that a MACD crossover appears close, and positive divergence is present on Stochastics. This seems to confirm the proximity of a bottom...
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