Friday, September 17, 2010

Big JuJu From The Market Gods?

September 16th is a day marked on my calendar as a potentially significant change for financial markets. Big juju from the market gods is not always an easy thing to divine so we shall see.

Markets don't always align to the day with underlying rhythms but as shown below, we are quite possibly near a major rhythm change. And given we have now made lower highs and lower lows, any rhythm change will not be a pleasant one. Because Thursdays seldom represent any deviation from the current market rhythm, I would look to next Tuesday as a possible indication of this fact.
posted by TimingLogic at 5:15 AM

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