Exponential Trendlines and Nodes.
These are created by a rather complex formula and represents time as product of a series of logarithmic and exponential decoding steps. The $NDX is fighting a declining Magenta trendline, and the $SPX is up against two of them, one major (declining and red) and one minor(steeply declining, dashed, and dark blue) trendline. The $SPX is also in the proximity of a time value, near .500 (on the X-Axis) where changes usually occur.
The last chart shows the $NDX right at one of it's .500 time points (I call them nodes). These are why I agree with Steven Vincent's assertion of major changes. The .500 node point is usually associated with these kind of changes...
Nodes are related distantly to Fibonacci time extensions, but more common (once you know how to find them), and quite bit more reliable.
Exponential trendlines are straight on these charts, plotted on exponential time. Plotted on normal linear time, these trendlines are curved...
Comment
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Comment by Steven Vincent on September 9, 2009 at 1:24am
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Thanks for showing them here....that's just what TBB is for! Please keep educating us on how they are used.
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Comment by Mark Lytle on September 9, 2009 at 12:08am
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Hi Vincent,
Yes, these charts, and the math behind them, are original to me...I have a B.S. in an Earth Science, and spent years as a researcher and IT guy for two oil companies. A few years ago I decided to apply my math skills to uncovering relationships between Elliott Waves...and I have done so....These charts are the result, which I'm just starting to bring out for general viewing....
Thanks,
Mark L.
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Cool looking charts...wish I understood them! Is this something you came up with or is it part of a software package?
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