Wednesday, March 18, 2009

Terry Laundry's T Theory update on the S&P 500 market

Did readers here remember to check out Terry Laundry's Monday afternoon update, with his audio comments at T Theory website going along with his updated chart there (a copy of his chart below)?



Just as a refresher about our approach - The reason why we like to review a variety of methods, including his T Theory work as well as Elliott Wave, trendlines and cycles, Fibonacci, and classic technical and sentiment analysis, is that when a number of good methods are pointing in the same direction, then even when they don't all say the same thing - which happens often of course - we can gravitate toward where the majority of them are pointing.

Terry's work had helped confirm the significance of the March 6 levels and same for the current market levels.

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