Tuesday, September 29, 2009

Spx long moving average should be resistance, gap from last year on the SPY chart has been filled according to stockcharts but bigcharts and yahoo show it has not.

Thursday, September 17, 2009

A reader asked if I still think the market will go down into March/April 2010, after just reviewing some charts as of Sept. 25 - I think the prediction for a low in March/April has a 100% certainty, in other words I think it is carved in stone. The CRB index is confirmed big time for a low then as well as many other charts.

Sept. 19th Update: Value Line Arithmetic using Yahoo and Stockcharts data is projecting September 23+/- a day for the high, the latest possible would be the week after.

Value Line Geometric index, late Sept looks like the high, there is also a 'T' that peaks then.

Friday, September 11, 2009

Note the small volume by price bars in blue...magnets