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.
Mark: Your comment: Markets breaking down... The nodes and trendlines have done their job... Expect that we have a bounce here though... ----------------------------------- 1. Markets breaking down as both $SPX 1.382 Basis and 1.317 price is up against or slightly penetrating the 1.382 decay and 1.272 growth lines respectively.
2. Bounce here - based on? Clue evident in your charts?
Mark: Your comment:
ReplyDeleteMarkets breaking down...
The nodes and trendlines have done their job...
Expect that we have a bounce here though...
-----------------------------------
1. Markets breaking down as both $SPX 1.382 Basis and 1.317 price is up against or slightly penetrating the 1.382 decay and 1.272 growth lines respectively.
2. Bounce here - based on? Clue evident in your charts?
Mark: $NDX plot - price just barely penetrating 1.272 decay and sitting on the 0.500 node.
ReplyDeleteIndicating a turn - most likely down?
Bill,
ReplyDeletemarkets are short term oversold, so there could be a bounce. Overall direction is now down...
Regards,
Mark L.