Posted 25 July 2012 - 12:04 PM
Thanks for the shout out Roger

I've added some comments at the top to clarify those top 3 charts for readers here.
I've copied the comments below -
"Short Term Outlook - 7/25
There are two clear fractals, one in 1st chart...calls for the bounce @ 1310-1320 back up to 1360-1370
The other in 2nd chart - says no bounce ...just down and more down.
So I am using 1310-1320 as the 'dividing line/decision' between which fractal is more dominant here.
If we rally to new highs, then BOTH fractals are dead, obviously...but until they break...they are good road maps.
Longer Term -
OF the two, the 2nd is supported most by internals...and internals support the idea that
- the bull market is ending ..in final topping phase here, it could have made a new high attempt..but looks to have failed.
- a larger decline is due, but I expect us to stay range bound into the Nov Elections ..as per 3rd chart weekly."
best,
Mark.
Question everything, especially what you believe you know. The foundation of science is questioning the data, not trusting the data.
I only trust fully falsified, non vested interest 'data', which is extremely rare in our world of paid framing narratives 'psy ops'.
Market Comments https://markdavidson.substack.com/?utm_source=substack&utm_medium=email
https://www.youtube.com/playlist?list=PLznkbTx_dpw_-Y9bBN3QR-tiNSsFsSojB