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.
Tuesday, September 22, 2009
Another reason the Nasdaq may quit about here...
You have a very heavy congestion price zone (see the red, horizontal bars) right overhead, overbought weekly indicators, and momentum is at best flat or slightly declining..look at the MACD histogram. The market could travel slightly higher, but if it were really to traverse all of this prior overhead congestion, then we are on our way to the moon.
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