Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.
Friday, April 1, 2011
$rut, $spx, $indu
$rut broadening top with historical example.
today's top is right at the upper black trend line.
both $spx and $indu are right at the brown mid Fibo fan line resistances.
$spx, $indu, $rut, $djusfn, $compq, $sox update:
there are some non-confirmation, financials and Nasdaq are lagging. $sox is red for the day.
i stick to B-wave of either regular flat or expanded flat for various indexes. meaning some are stronger making new highs and some are weaker.
PS. during late Feb, while Egypt and Libya unrest and many emerging market were under serious down turn, i posted EEM will make multi-year new high. i was challenged by many. now, EEM makes new high! this could impact many emerging countries going forward.