NYSE Index – UPDATE

did a little bit of work on the NYSE for my friend Larry P and found some pretty interesting “form and proportion” w/ regards to the $NYSE.

folks, it’s almost ALL the SAME.

Here’s what I see on this chart:

  • note the blue triangles
    • the vertical represents PRICE and the horizontal represents TIME
      • from 2007 high we went down into the area shown “started down” and consolidated for, roughly, 6 weeks and then it broke.
      • in Nov 2008 we found a low and rallied the EXACT same as the rally after the first break (the dashed black line)
      • form the 2009 lows we move up into May 2011 and then corrected – the EXACT same price.  Note, the time was “off” but when it did hit the same TIME the market fell, found support and rallied up into the May 2015 highs.
      • we’ve corrected DOWN the same amount and rallied UP the same amount (black arrow) and we are at the “time” for it to start down again.

guess the big question is will it start DOWN DOWN or will it find support.

I do not know ….but what I do know is it appears ready to start a leg down. If your a bull then WAIT for the first BULL PATTERN to appear.  If your a bear, get short in/around here and stop out above the black arrow. Hope this helps.

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