Friday, March 19, 2010

Market had a reasonable decline today...

On which ever day, that the $NDX goes below it's exponential trendline, we will have a sell signal...A better and safer one will be when we go about as far below that trendline as we shot above it...When that happens I will report it here that evening...

That will probably be early next week...



Can you spot all of the factors above, that makes a 'top' probable here? (Click on the chart to enlarge)

The 'green mountains' on this chart, are a price-volume oscillator (CMF). When it diverges rapidly with price action, it's a good tool for timing...

4 comments:

Gail said...

Great posts, Mark. Next week will be very interesting. Can't wait!

Gail said...

Mark - are you referring to closing prices or intra-day?

mlytle said...

Hi Gail,
Probably for safety, I will choose closing prices...once the market ($NDX) declines and closes at least as far below the trendlines as they went above, I will call it a reversal....

Best Regards,
Mark L.

Gail said...

Thanks Mark