http://borisc.blogspot.com/2010/03/so-who-is-spinning.html
Showdown in Europe
This is an excellent analysis by Boris Chikvashvili, who has a very interesting and successful market analysis method of his own. You should all check out his site:
http://borisc.blogspot.com/
By the way, he sees an immanent drop here also..
2 comments:
Hello Mark, I am the most bearish guy in the world but without volume this market will be propped up by the feds. I have never seen such light volume in years. This is worse than the summer doldrums. waldo
Hi Waldo,
I'm sure the Feds are in there lifting, you're right...but I still think there's a top here somewhere...The double node on December 28, 2009 took 13 trading days to resolve into a top...it took a little while...The double node on 03/11/10 if taken out 13 days would get you to 3/28/10..I doubt it will go that far, but these time windows are a little wide because they are calculated out from Oct 2002...small amounts of drift over those long time spans makes the longer nodes a little sloppy...
Regards,
Mark L.
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