3 replies to this topic

[Mr Dev]

The lightning fast reversal,...all relative of course,... has been amazing.... proof that markets do NOT spend

75% of their time consolidating,........this chart proves it right,....they spend most of their time just GOING UP.

The Top of 2000 to the DIP in 2003 was just a wink. This has got to look Very Bullish to the Bears.

And how would the time cycle guys adjust for this..

I do respect a dip pattern I watch on many time frames,...on this chart it would forecast about S&P = 2800 - 2900. WOW

But since this is diverging we should pause along the way ...lol

Edited by Mr Dev, 18 May 2007 - 12:01 PM.

[VermeerUK]

Mr D This might be a bit of a stretch but is that 'double-top' pattern on that chart in play here?.. Regards.V

[mss]

Mr D

This might be a bit of a stretch but is that 'double-top' pattern on that chart in play here?..

Regards.V

Double bottom??

[Mr Dev]

Mr D

This might be a bit of a stretch but is that 'double-top' pattern on that chart in play here?..

Regards.V

Almost ...but we really need to close this month out right about here or higher , above the ALL TIME highs ever ...
not until we do that is the Dbl T Divergence really locked in.

THere is little doubt we WILL diverge this thing into what will be ,....at least a temporary double top.... even tho

that process may still take until June or July. Mark my word ...there will be an adjustment!

To Diverge this right also means that there needs to be a few more highs to come.


And if I were to look out really far I don't know maybe into the next 10-20 years I would not be surprised if the S&P were at 1250-1300 in a Super Large Triangle!

But heck with these types of swings it may only take 5-10 years.

Edited by Mr Dev, 18 May 2007 - 12:28 PM.