ChartsEdge (U.S. equities) map for 6/23

Market Map for Jun 23

Posted: June 20th (at ChartsEdge subscriber site), 23rd (for public here), 2009
Author: Mike Korell
Filed under: One-Day Market Map Comments to ChartsEdge »

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Thanks once again, Mike and ChartsEdge!

Folks, if you noticed that yesterday's map didn't exactly match the action - this is a great time to remind you that we use these for intraday cycle timing. These maps are not to be relied on for intraday relative price levels. Sometimes they point rather well to intraday price levels, but not always, and especially not when there is an intraday bias that "skews" them. So for example yesterday, you can see that there were relative high and low points that synched up rather well with the map in terms of timing, but they didn't express with relative higher/lower price levels due to the intraday bearish-trending bias.

More information about these maps is at the ChartsEdge site, and I've also included much of that information at my "No Bull No Bear No Bias" site (see links for both, at the right side of the page).

As always - be careful out there, and happy market navigating!