Wednesday, June 24, 2009

Eerily we roll along

First up tonight, a continuation of today's 30-minute SPX chart:


Next, a screen shot of the Daily SPX chart:


And finally, the Weekly SPX chart:




Anything stand out here?

Maybe eerily similar patterns, rounding tops bumping down off of down trending channel lines.


A


4 comments:

The Sound Center said...

Nice look at the fractals, Allan.

Feels like (that's a technical term) this move is in slow motion, like May 29 to July 15, 2008.

Anonymous said...

Any thing stand out here? Yup!

*IF* the markets are going to rally, this is exactly the setup I would expect. Rising to the top of a down trend channel, a pull back, then punching through. Your daily oscillator supports this since it is in "buy" territory. I hope I'm wrong and the weekly is right. I don't like it when the daily and weekly oscillators are out of sinc.

- cramar

Anonymous said...

Can't you put up a ballad by Debbie Gibson?

Anonymous said...

You done effed me up again with your damn charts on FAZ.