Value line Geometric Chart
Started by
Russ
, Aug 17 2007 11:26 PM
2 replies to this topic
#1
Russ
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Posted 17 August 2007 - 11:26 PM
Valueline Geometric shows what the average stock is doing. Some 1621 small, mid and large caps given equal weighting. You will notice that this index peaked in April 1998 which is in line with what Martin Armstrong said - that the internals of the US markets actually peaked in 1998. This is a very good index for showing what is really going on. Current candle looks like 2004's low...however this is mid month now.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#2
youmast
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Posted 18 August 2007 - 01:25 AM
Nice chart. I would add this....
#3
Russ
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Posted 18 August 2007 - 09:14 AM
That's a good addition Youmast, I like your big red channel especially and the A=B is interesting too, that would project up to about 700 which would be in line with da cheif's 20k on the dow roughly.
Edited by Russ, 18 August 2007 - 09:20 AM.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
