Tuesday, March 16, 2010

($INDU/$SPX)


The cool thing about Think or Swim charting with Prophet Charts is you can easily do comparison or ratio charts to see how one entity may relate to another. Just screwing around I threw up a long term monthly chart of the Dow 30 and the S&P 500. I find it interesting that Fibonacci retracements are significant levels even on a ratio.

And by drawing the green trendline you can see that a major move will commence in the next 3 months as the trianlgle formed will be broken in one direction or the other.




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