Some charts that may be of interest for confirmation of this downtrend:
BPCOMPQ Daily:
stockcharts.com[r,a]daclyyay[de][pc20][vc60][iLb14!Lp14,3,3!Ll14]&pref=G
BPSPX Daily:
stockcharts.com[h,a]daclyyay[df][pb50!b200!c20!f][vc60][ill14!la12,26,9][J6581246,Y]&pref=G
BPNDX Daily:
stockcharts.com[h,a]daclyyay[df][pc20!b50!f][vc60][ill14!la12,26,9][J6530226,Y]&pref=G
BPOEX Weekly:
stockcharts.com[h,a]wallyyay[df][pc20!b50][vc60][iub14!la12,26,9][J6616519,Y]&pref=G
Nasdaq Summation index:
stockcharts.com[w,a]daclyyay[df][pc20!b50!a-1000!a-1250][vc60][J7142161,Y]&pref=G
And the BPNDX:VXN:
stockcharts.com[w,a]wallyyay[de][pf][vc60]&pref=G
The last chart really puts things in perspective for those who are comparing this Sept. low to the July low or the low last September. We still have a ways to drop.
These charts can keep any trader on the correct side of the trend. I know many of us here use these charts, and they only seem to confirm new lows are coming in October. |
