Weekly Spiral Calendar Stock Charts For August 6th, 2010

Posted: August 7th, 2010 under Predictions, Stocks.

After Friday morning’s decline, I thought the top was in at Thursday’s high, but the big rally Friday afternoon puts that in doubt. Looks like there is room for one more push higher to complete an ending diagonal to close out minor wave two. The spiral calendar is showing a range of potential top dates during next week in all three indices, although there may be some difference in the timing of a top. The S&P 500 is only showing alignment dates for Friday 6th and Monday 9th August, so it may be relatively weaker and could have topped already. The Dow and Nasdaq-100 both show turn dates on Wednesday and Thursday next week, August 11th/12th and also the following Monday, August 16th.

I recommend clicking on each chart to see the enlarged version as browsers tend to do awful things to shrunken images, such as remove price bars entirely.

Dow

Spiral Calendar Turn Dates Chart For DJIA for August 6th, 2010

Spiral Calendar Turn Dates Chart For Dow Jones Industrial Average for August 6th, 2010 – click to enlarge

S&P 500

Spiral Calendar Turn Dates Chart For S&P 500 for August 6th, 2010

Spiral Calendar Turn Dates Chart For S&P 500 for August 6th, 2010 – click to enlarge

Nasdaq-100

Spiral Calendar Turn Dates Chart For Nasdaq-100 for August 6th, 2010

Spiral Calendar Turn Dates Chart For Nasdaq-100 for August 6th, 2010 – click to enlarge

New visitors: please see this post for a brief explanation of the spiral calendar.

Be Sociable, Share!

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment