Larry Pesavento's Insights on the Markets & Charts
If my theory is correct the stock market should start down Monday April 6th at the latest ! Notice the harmony of the patterns and the ratios from each of the astro harmonic cycles of mar 20th and "combust" of mar 30th.Assuming the low was on the 30th ,the next correction down will be a .618 of the mar 30th low or approximately 805.00.Any move above 855 would make this theory incorrect!
thanks rfarina.....http://www.charthub.com/images/2009/03/26/YearlyProfiles_2
iowa,
I think the period you have included at the end of your link is messing it up, as I get a 'file not found'. When I delete off the period on that chart page I get the chart. If you like, I can edit your post and fix that?
I think the period you have included at the end of your link is messing it up, as I get a 'file not found'. When I delete off the period on that chart page I get the chart. If you like, I can edit your post and fix that?
The stock market attempted to make new highs again today. In fact, the
NASDAQ was able to make new highs. This presents a potential problem for the
Bears, or a great opportunity. Divergence between similar contracts can be
highly indicative of a major trend change. As you can see from the enclosed
chart, the NASDAQ easily exceeded last week's highs, while at the same time
the S&P 500 (i.e. Dow Jones also) were unable to do so! The bearish case is
still up for grabs. Any move in the S&P 500 above 875 would mean that we are
going higher. The figure for the Dow Jones is 8112. This week will be
critical to what happens going into May 18th which is our next Astro
harmonic date( combust ).
This weekend we will present a comprehensive pattern analysis on all the
major markets as we are approaching some completion of very significant
patterns.
NASDAQ was able to make new highs. This presents a potential problem for the
Bears, or a great opportunity. Divergence between similar contracts can be
highly indicative of a major trend change. As you can see from the enclosed
chart, the NASDAQ easily exceeded last week's highs, while at the same time
the S&P 500 (i.e. Dow Jones also) were unable to do so! The bearish case is
still up for grabs. Any move in the S&P 500 above 875 would mean that we are
going higher. The figure for the Dow Jones is 8112. This week will be
critical to what happens going into May 18th which is our next Astro
harmonic date( combust ).
This weekend we will present a comprehensive pattern analysis on all the
major markets as we are approaching some completion of very significant
patterns.
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