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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: LTK007 who wrote (65766)5/25/2007 12:23:54 PM
From: westpacific  Read Replies (1) of 116555
 
IF the NDX rules - run a weekly chart.

Pull up the On Balance Volume.....

3 tops going back to 2003, it is now at a high greater than the other two and has turned down.

Jan 04 turn down - topped and went down into September
Nov/Dec turn down - Topped and went down into April
May 07 turn down - ?

Me I am calling a top within weeks, maybe a retest of highs, down into August. Then we see, still think one more explosive rally into 2008, too early to call for now.

Me, I trade both sides..........dark and light.

West
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