Jump to content



Photo

$SPX Par Trend Musings For The Next 20 Days


  • Please log in to reply
No replies to this topic

#1 spielchekr

spielchekr

    Member

  • Traders-Talk User
  • 3,104 posts

Posted 03 June 2008 - 10:24 PM

I'll keep it short, simple and sweet. I'm just presenting the projection charts. Feel free to conjecture why we abandoned first the .618% partrend slope (the previous ongoing trend) and then the .500% slope. We're now in the .386% partrend slope vicinity, and a transition to .236% is not showing possibilities for a + divergence to bounce from. Note: the legend label "F.L. Price" (dashed green line) indicates the required price to flatline the 20ma, and appears as a reference on all charts.

.618% of maximum +20ma slope:
Posted Image
.500% of maximum +20ma slope:
Posted Image
.382% of maximum +20ma slope:
Posted Image
.236% of maximum +20ma slope:
Posted Image