On which ever day, that the $NDX goes below it's exponential trendline, we will have a sell signal...A better and safer one will be when we go about as far below that trendline as we shot above it...When that happens I will report it here that evening...
That will probably be early next week...
Can you spot all of the factors above, that makes a 'top' probable here? (Click on the chart to enlarge)
The 'green mountains' on this chart, are a price-volume oscillator (CMF). When it diverges rapidly with price action, it's a good tool for timing...
4 comments:
Great posts, Mark. Next week will be very interesting. Can't wait!
Mark - are you referring to closing prices or intra-day?
Hi Gail,
Probably for safety, I will choose closing prices...once the market ($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.
Thanks Mark
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