Sunday, March 02, 2014 3:16:21 PM
peaking out in time, overdue for a pullback
>> 02/28
>> It is 'rational' to see a 0.236 pull back in this level, let's see.
>> 02/24
>> Dow Jones Industrial is not only lagging behind RUT, NDX, and S&P
>> but also behind its own prior high 16588.25
From the following chart, while S&P500 is marking a new high, it is overdue for a pullback; From late June low 06/24/13, it is slightly longer than 240 degrees (days) to 02/28's peak, put together the consideration on a weekly closing basis, the current ramp “should” not extend beyond 03/07.
DJI (Dow Jones Industrial) is lagging, As long as it does not plot a new high (>16588.25), there is a chance to see a low (for overall indices) around early April, from there, to judge whether there is a peak in early May. This is just a wishful outlook, Market has her own pulse. She says: "I let you guess"
chart shows a 249 (240), 180, 60 degrees relationship. So far, S&P500 peak comes 9 calendar late.
>> 02/28
>> It is 'rational' to see a 0.236 pull back in this level, let's see.
>> 02/24
>> Dow Jones Industrial is not only lagging behind RUT, NDX, and S&P
>> but also behind its own prior high 16588.25
From the following chart, while S&P500 is marking a new high, it is overdue for a pullback; From late June low 06/24/13, it is slightly longer than 240 degrees (days) to 02/28's peak, put together the consideration on a weekly closing basis, the current ramp “should” not extend beyond 03/07.
DJI (Dow Jones Industrial) is lagging, As long as it does not plot a new high (>16588.25), there is a chance to see a low (for overall indices) around early April, from there, to judge whether there is a peak in early May. This is just a wishful outlook, Market has her own pulse. She says: "I let you guess"
chart shows a 249 (240), 180, 60 degrees relationship. So far, S&P500 peak comes 9 calendar late.
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