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.
Bill, You have to include all of the trendlines to get a map of all of the possible points where the market could stop. It is up to our brains to process the information provided. Nature doesn't care if the chart is busy or crowded to us, that's our problem...all of the data presented is necessary.
What you watch for is a turn at the contact of one of the trendlines. If you look at the $SPX chart you can see most of the corrections corresponded to touches of some of the trendlines. The final top will probably occur where it touches a trendine and reverses.
Note that currently, the $NDX has made a small move downward at a point where two trendlines are crossing. This should be watched for further development. We will know more on Monday...
2 comments:
$NDX Microtrendlines - too many lines.
Difficult to determine what chart is saying!!!
Logarithmic regress2 with:
Start Earler Final
10/08/02 01/20/04 10/31/07
795.250 1559.470 2239.230
1.272 Crossover: price X'ed above 1.272 decay.
1.317 Crossover: price X'ed above 1.272 decay. And moved thru 0.500 basis node 2-3 days ago.
1.382 Crossover: price X'ed above 1.382 growth.
Based on this snapshot, tells me that $NDX appears to be moving higher!
Daily
Slo STO: shows OB and not turned down yet.
CCI: just exited OB.
Wm%R: -17 down. Ready to exit OB.
Hourly: Direction not clear.
Slo STO: 41, turned slightly up.
CCI: -50, turned slightly down.
Wm%R: 55, turned down.
Bill,
You have to include all of the trendlines to get a map of all of the possible points where the market could stop. It is up to our brains to process the information provided. Nature doesn't care if the chart is busy or crowded to us, that's our problem...all of the data presented is necessary.
What you watch for is a turn at the contact of one of the trendlines. If you look at the $SPX chart you can see most of the corrections corresponded to touches of some of the trendlines. The final top will probably occur where it touches a trendine and reverses.
Note that currently, the $NDX has made a small move downward at a point where two trendlines are crossing. This should be watched for further development. We will know more on Monday...
Good Luck,
Mark L.
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