Saturday, March 6, 2010

Double Top?

The Value Line index is the one major equity index that doesn't look so much like a big picture counter-trend rally correcting a previous first wave down.  Instead, it looks like a massive double top.

Value Line Monthly

Value Line Weekly


VLE with EW count showing non-confirmation 
in Elliott Oscillator


Let's add the VLE Daily Trend Model


VLE 240m Trend Model w/Vortex Indicator


Do I really expect to catch the exact top of a massive three-year-in-the-making double top in the Value Line Index with my self-crafted tools and indicators?

Of course I do.

A