NeboXian's High Altitude Naz Zones and Harmonics

Written by Neboxian
July 5th, 2009at 2:03 pm

weekly-naz-comparison-7-5-09
Above is a weekly (look at the Earth from high altitude) zone and Harmonic trend analysis. I see is the Turtle and the Hare story unfolding.The Naz jumped out ahead of the S&P and Dow as much as 10% in May and June. Also notice the similar Market structures in Oct- Nov 07 and May – Aug 08…This all agrees with Mr.Trader’s analysis of AAPL  . I am expecting a 2.5 to 4% decline in the Naz to Equalize the market over the next 4-6 weeks. Be sure to look at the hourlys to find a good interday rally to sell.

Categories: Markets

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  1. Erik Erik says:

    very good…and sometimes so overlooked too.

    When comp gets THIS far ahead, yep its time to revert.

    NDX/COMP divergance from SPY is a topping sign…

    I use $COMP:$SPX.X to look for it too. (so you get the average deviance on them on stockcharts)

    GOOG to 381 within a week

    http://www.bostonwealth.net/2009/06/29/goog381-target-update-2/

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