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.
Friday, March 27, 2009
Latest $SPX charts...
We have a proximity to the crossover in the top chart, which can cause trend changes, also a .500 node (middle chart) is close, although I associate it's effects with the bottom just recently put in......
Mark hi, Thanks for your excellent work. I belive your previouse view of the market (bottom early April & than up)will be right. One more argument for this scenario:"Dollar Devaluation Brings Illusion Of Prosperity" http://tinyurl.com/dguuc9 (in case, you did not read it yet) best rgrds Istvan F.
do you mean a retracement off the current bottom, or do you mean a new lower low. I have the Nasdaq going to at least the 1136 level at some point, regards, sandy s.
Another, deeper bottom is possible, I never saw the Elliot count I was looking for to define the fifth wave bottom, but Elliot sometimes fails. Likewise sometime nodes come right on time, but sometimes they come a little early or a little late. Right now I see pretty overbought conditions on the breadth indicators...We'll see what happens...
Mark hi,
ReplyDeleteThanks for your excellent work. I belive your previouse view of the market (bottom early April & than up)will be right. One more argument for this scenario:"Dollar Devaluation Brings Illusion Of Prosperity" http://tinyurl.com/dguuc9 (in case, you did not read it yet)
best rgrds
Istvan F.
do you mean a retracement off the current bottom, or do you mean a new lower low. I have the Nasdaq going to at least the 1136 level at some point, regards, sandy s.
ReplyDeleteHi cezarfi and sandy,
ReplyDeleteAnother, deeper bottom is possible, I never saw the Elliot count I was looking for to define the fifth wave bottom, but Elliot sometimes fails. Likewise sometime nodes come right on time, but sometimes they come a little early or a little late. Right now I see pretty overbought conditions on the breadth indicators...We'll see what happens...
Regards,
Mark L.