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: You referring to the rally from early March 2009?
I see that $NDX bounced off 1.382 Growth Trend Line several times, then crossed above, crossed below and now barely penetrating it - on your chart.
$NDX daily Slo STO, CCI, Wm%R all show crossing above oversold on the 5th and 6th OCT.
With these indicators it looks like $NDX could move above the 1.382 Growth.
Elliott Wave Precther has called for a turn down. That was a couple of weeks ago(?). Others are saying indicators are looking rather weak, rally losing steam, but $SPX still may climb 1100, before turning.
Mark: You referring to the rally from early March 2009?
ReplyDeleteI see that $NDX bounced off 1.382 Growth Trend Line several times, then crossed above, crossed below and now barely penetrating it - on your chart.
$NDX daily Slo STO, CCI, Wm%R all show crossing above oversold on the 5th and 6th OCT.
With these indicators it looks like $NDX could move above the 1.382 Growth.
Elliott Wave Precther has called for a turn down. That was a couple of weeks ago(?). Others are saying indicators are looking rather weak, rally losing steam, but $SPX still may climb 1100, before turning.