Debate is now heating up - is the S&P overdone and due for a correction ?
Weekly charts show there is still room to move a bit higher. Daily chart does suggest an overbought situation, but the S&P could still push higher.
As my...
Posted By: "Meridian" on Jan 17, 2012 12:20AM
Pull up a chart of the March Nasdaq 100 e-mini futures.
I have used the July 2011 high of 2413 ( basis the March contract) as my start point for Gann math.
The October lows of 2034 align well with the 720 degree harmonic at 2036 which...
Posted By: "Meridian" on Jan 17, 2012 12:00AM
The time period around a New Moon ( especially a New Moon associated with a Solstice or an Equinox ) can be very auspicious indeed.
Case in point - the TSX Venture Index.
I am not going to wax prophetic on the subject of New Moons, so I...
Posted By: "Meridian" on Dec 18, 2011 12:30AM
I am watching closely the Feb 2012 Crude Oil futures. Gann math aligns very closely with price action going back several years.
Right now, I see the Feb futures to be oversold and with Friday's close of $93.98 behind us, I see that Crude is...
Posted By: "Meridian" on Dec 18, 2011 12:20AM
If we are to encounter a coming significant low on the Canadian, it will align with either a new moon or a full moon as I pointed out in my last blog. Such a coming low will also align with a Gann support level.
As a starting point, I took the...
Posted By: Meridian on Dec 10, 2011 12:30AM
