Wednesday, June 13, 2012

SPX/FXA Analog Update

Perhaps I am splitting hairs with the last two sessions in the Aussie - but something doesn't quite square with the recent strength. 


If I have learned anything over the past few years in using fractals as a resource in appraising a market or stock, it is to sweat the small stuff - as it is typically the first indication of a potential audible from the analogs trajectory. Many times there is a polarity or mirror that can establish at a respective pivot. As I was going through my notes from early spring this afternoon I found one example of this expression. It was from a chart comparing the 2007 broadening top to the current market (see Here). 

We have intersected the trajectory - but through a mirrored path. 


Food for thought.