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

Wednesday, November 18, 2009

EOD Overlay Chart

Here is a continuation of the thoughts in my last several posts (especially Short Term Projection). I think today was still tracing out a Minuette C and X in Minor B.

This looks very sideways on the SPX and INDU, but it is very obviously down trending on RUT, NDX and COMPQ.

Addition 4:45 - Backtesting the broken 2-4 channel line?

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