Daily charts for Dec 31
Posted: December 31st, 2009 | Author: Mike Korell | Filed under: One-Day Market Map | No Comments »The charts all reflect a whole day. Ignore that due to the holiday.
The charts all reflect a whole day. Ignore that due to the holiday.
The daily charts are of limited value during a holiday week, but the longer-term BP chart should be a good indicator of how things should play out during the next several weeks. The ‘near signal’ on the TCI yesterday was probably due to the small 1-day drop shown on the chart below.
These two charts show a daily average of the 8,640 points which are acquired each 24-hours from the BP sensor.
The first chart shows the last three months of the S&P over the last 90 calendar days of the BP data.
The second chart shows the forecast extended out as far as possible with an obvious high of some kind on the 31st of December.
One thing which stands out is the fact that the BP data has consistently been more bullish than the S&P. I would expect that to continue.
The DJIA index more closely matches the BP.