AI
Saturday, March 15, 2008 3:40:21 PM
Wilshire 5000 has an interesting pattern on the MACD 12,26,9 on the daily. It's what I call a "mirror" pattern, and it projects down for the next 5-6 sessions in the market.
Start out from the high in the last week of January on that indicator and work your way out from the middle. The right side is moving a bit faster than the left side, so instead of a 7-8 day slide we may get only a 5-day slide if the mirror plays out.
The implied target for this mirror would be equivalent to about 1240 SPX.
Start out from the high in the last week of January on that indicator and work your way out from the middle. The right side is moving a bit faster than the left side, so instead of a 7-8 day slide we may get only a 5-day slide if the mirror plays out.
The implied target for this mirror would be equivalent to about 1240 SPX.
http://www.investorshub.com/boards/board.asp?board_id=1613
AJTJ's Market Pulse
Do your own DD. Void where prohibited. Observed side effects include darkening of the stool, spontaneous amputation, and death. Rosebud.
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