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.
Saturday, March 6, 2010
Supporting sentiment info for previous post.
Notice that in the lower chart, that the Williams Oscillator smooths the Put/Call ratio stuff enough to be somewhat indicative of what's going on...but a lot of misses... That said, I think we're making a double top on a lot of indexes...
Hi Mark, just listened to a couple of guys talk about the future of the market movements. One is a cycle man and the other more or less is elliot wave but also pattern watcher. One is saying down and the other is saying it is possible to go to new highs of 07 to complete a megaphone pattern he is seeing on a monthly chart. I see on the monthly chart going back to 1996 a huge M pattern and since march 09 lows have been putting in the first leg of an A pattern. Of course this type of pattern don't tell you the exact top of the A buy if it plays out the march 09 lows will be taken out by 200 to 300 points below the march 09 lows. This pattern is the most bearish that you can get on a chart and 75 to 80% right. Waldo.
yes it is, which one is right is the question. Since the markets are controlled by the govt right now and no volume to speak of I believe they will push this higher and higher until something happens where they lose control.
Mark, there is another pattern that I am seeing and if you look at a monthly chart on the spx and go back to 1996 you can see an M and A pattern setting up. The up move from march of 09 is the first leg of the A pattern and if it plays out the spx should fall to around 350. according to the book this pattern is very bearish and about 75% accurate that it will play out that way, but who knows with all this interventions taking place.
5 comments:
Hi Mark, just listened to a couple of guys talk about the future of the market movements. One is a cycle man and the other more or less is elliot wave but also pattern watcher. One is saying down and the other is saying it is possible to go to new highs of 07 to complete a megaphone pattern he is seeing on a monthly chart. I see on the monthly chart going back to 1996 a huge M pattern and since march 09 lows have been putting in the first leg of an A pattern. Of course this type of pattern don't tell you the exact top of the A buy if it plays out the march 09 lows will be taken out by 200 to 300 points below the march 09 lows. This pattern is the most bearish that you can get on a chart and 75 to 80% right. Waldo.
Talking about the s&p 500.
Hi Waldo,
That wouldn't be Tim Wood and John Grant? I listen to them also..good guys they are...
Regards,
Mark L
yes it is, which one is right is the question. Since the markets are controlled by the govt right now and no volume to speak of I believe they will push this higher and higher until something happens where they lose control.
Mark, there is another pattern that I am seeing and if you look at a monthly chart on the spx and go back to 1996 you can see an M and A pattern setting up. The up move from march of 09 is the first leg of the A pattern and if it plays out the spx should fall to around 350. according to the book this pattern is very bearish and about 75% accurate that it will play out that way, but who knows with all this interventions taking place.
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