Microtrendlines as of today (so far)

Comment

Comment by BullBearGirl on December 4, 2009 at 7:24pm

Thanks Mark

Comment by Mark Lytle on December 2, 2009 at 11:47am

Oh, and by the way, the $SPX is still contained by at least one trendline (light brown) although it should be noted that this is a rising trendline...which is why the market has been able to churn slightly higher. Reversals can still take place off of rising trendlines though.

Comment by Mark Lytle on December 2, 2009 at 11:16am

Yes, the current node value is .51693, still not too far from a perfect .50000. Since .51693/.50000 = 1.03386, we are then 3.386% away from ideal, still not badly off. We are not out of range of this node generally until we have reached about .53000 or so....

Comment by BullBearGirl on December 2, 2009 at 2:31am

Would you say we are still in the .500 node? In other words, are we still at a bearish warning?