I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Tuesday, May 25, 2010

Sloppy Joe

Here is what I think. And the more I look at it, the more I like Alphahorn's Leading diagonal idea: Monday midday update, updated for the close.

Also, I did an extensive study of Wave 1's and 2's within P1: see O Mandelbrot, O Mandelbrot. And Minor 1 of Int 1 of P1 was a leading diagonal. In fact, there is quite a lot of similarity to the pattern. See this chart: M1 of I1 of P1

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