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.



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.