Saturday, September 19, 2009

Some market technicians possibly calling a top here...



I know that Steve Hochberg at Elliott Wave International is calling a top near here,

and here are two other sites talking about tops:

http://www.safehaven.com/article-14518.htm

http://www.marketoracle.co.uk/Article13552.html

The second guy is using Fibonacci Time ratios, which are occasional useful, but I have found them too infrequently to be generally usable. They can work, however.

My trendline work suggests that both the $NDX and the $SPX have the right characteristics by my system to be at a top, we'll see what Monday brings....

1 comment:

lagscrew said...

still check you everyday---you always have something of interest

I loaded up with SRS Friday

as always good luck

lag