I'm sure that plenty will be written about today,
so it may be best to repost Saturday's chart...
...and, find comfort in the notion, that tomorrow is a G date.
Market Breadth Data******************************
Tuesday, September 23, 2008
Friday, September 19, 2008
The chart below shows the result of the combined action between the Gravity dates and the SPX Barometer during these turbulent times.
As usual, the Gravity dates are marked "G", while the blue/red numbers reflect the extreme overbought/oversold SPX Barometer readings.
Plus, isn't it amazing, that the origin of these s/r lines emanates from the 2002 low?
As usual, the Gravity dates are marked "G", while the blue/red numbers reflect the extreme overbought/oversold SPX Barometer readings.
Plus, isn't it amazing, that the origin of these s/r lines emanates from the 2002 low?
Wednesday, September 17, 2008
In July 2002, the SPX rebounded from the 50% retracement of the March 2000 ath of 1553.
Currently, the SPX is looking for support at the 50% retracement of the 2002/2007 range.
Well, that support didn't last very long, although it provided some very good intraday short-term long entry point,
and there are signs that a rebound should be coming sooner rather than later:
In any case, the 2001 analogy is working pretty well, and it's funny that Bill McLaren changed his tune, and is now looking at 1969/70, instead.
Currently, the SPX is looking for support at the 50% retracement of the 2002/2007 range.
Well, that support didn't last very long, although it provided some very good intraday short-term long entry point,
and there are signs that a rebound should be coming sooner rather than later:
In any case, the 2001 analogy is working pretty well, and it's funny that Bill McLaren changed his tune, and is now looking at 1969/70, instead.
Monday, September 15, 2008
Sunday, September 14, 2008
Thursday, September 11, 2008
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